Wells Fargo & Company MN raised its position in shares of KT Corp (NYSE:KT) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 8,624,475 shares of the technology company’s stock after purchasing an additional 202,662 shares during the period. Wells Fargo & Company MN’s holdings in KT were worth $134,628,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ANTIPODES PARTNERS Ltd raised its position in KT by 59.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 8,823,114 shares of the technology company’s stock valued at $137,729,000 after purchasing an additional 3,288,569 shares in the last quarter. Rockefeller Financial Services Inc. raised its position in KT by 32.6% during the fourth quarter. Rockefeller Financial Services Inc. now owns 2,276,170 shares of the technology company’s stock valued at $35,532,000 after purchasing an additional 559,154 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in KT by 17.7% during the third quarter. Parametric Portfolio Associates LLC now owns 2,013,602 shares of the technology company’s stock valued at $27,929,000 after purchasing an additional 302,870 shares in the last quarter. SG Americas Securities LLC purchased a new stake in KT during the third quarter valued at about $26,475,000. Finally, Aperio Group LLC raised its position in KT by 2.1% during the fourth quarter. Aperio Group LLC now owns 1,531,132 shares of the technology company’s stock valued at $23,901,000 after purchasing an additional 31,940 shares in the last quarter. Institutional investors and hedge funds own 26.96% of the company’s stock.
KT Corp (NYSE:KT) opened at $13.24 on Tuesday. KT Corp has a 12 month low of $12.70 and a 12 month high of $18.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.06.
A number of equities research analysts have weighed in on the company. CLSA downgraded KT from an “outperform” rating to an “underperform” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded KT from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, January 23rd. Morgan Stanley cut KT from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 11th. ValuEngine raised KT from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Finally, Credit Suisse Group cut KT from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.00.
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KT Company Profile
KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.
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