Assetmark Inc. Grows Stake in KT Co. (NYSE:KT)

Assetmark Inc. boosted its position in shares of KT Co. (NYSE:KT) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,127 shares of the technology company’s stock after buying an additional 15,744 shares during the period. Assetmark Inc.’s holdings in KT were worth $2,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in KT during the fourth quarter valued at approximately $36,000. Principal Securities Inc. boosted its stake in KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares during the last quarter. GAMMA Investing LLC boosted its stake in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after buying an additional 2,667 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

KT has been the subject of a number of research reports. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. UBS Group initiated coverage on KT in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

KT Price Performance

Shares of KT stock opened at $17.91 on Monday. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The stock has a 50 day moving average price of $16.89 and a 200-day moving average price of $16.15. KT Co. has a one year low of $12.10 and a one year high of $18.45.

KT 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.