Boston Partners Boosts Stake in KT Co. (NYSE:KT)

Boston Partners increased its stake in KT Co. (NYSE:KT) by 215.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,247,881 shares of the technology company’s stock after purchasing an additional 852,539 shares during the quarter. Boston Partners owned approximately 0.24% of KT worth $19,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of KT during the 4th quarter valued at about $36,000. Principal Securities Inc. boosted its position in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares during the period. GAMMA Investing LLC increased its stake in shares of KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after purchasing an additional 2,902 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after purchasing an additional 2,667 shares during the period. Finally, MML Investors Services LLC bought a new position in KT in the 3rd quarter worth $160,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Trading Down 1.1 %

KT stock opened at $18.21 on Friday. The firm has a market cap of $9.39 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The firm has a fifty day moving average price of $17.33 and a 200 day moving average price of $16.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.74.

Analyst Ratings Changes

A number of equities research analysts have commented on KT shares. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. UBS Group assumed coverage on KT in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

About KT

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.