Euro Pacific Asset Management LLC Sells 869 Shares of KT Co. (NYSE:KT)

Euro Pacific Asset Management LLC reduced its holdings in KT Co. (NYSE:KT) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,092 shares of the technology company’s stock after selling 869 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in KT were worth $179,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its stake in KT by 44.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of KT in the third quarter valued at approximately $7,611,000. Assetmark Inc. increased its position in shares of KT by 945.1% during the third quarter. Assetmark Inc. now owns 137,383 shares of the technology company’s stock worth $2,113,000 after acquiring an additional 124,237 shares in the last quarter. BNP Paribas Financial Markets lifted its position in KT by 65.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 246,563 shares of the technology company’s stock valued at $3,792,000 after acquiring an additional 97,838 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in KT by 31.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock worth $5,555,000 after purchasing an additional 96,518 shares during the period. Institutional investors own 18.86% of the company’s stock.

KT Price Performance

NYSE KT opened at $17.66 on Friday. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45. The firm’s 50 day moving average is $16.42 and its 200-day moving average is $15.39. The company has a market capitalization of $9.11 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Equities research analysts anticipate that KT Co. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.