Eagle Asset Management Inc. Invests $403,000 in KT Co. (NYSE:KT)

Eagle Asset Management Inc. acquired a new position in shares of KT Co. (NYSE:KT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,920 shares of the technology company’s stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of KT by 46.9% during the first quarter. Commonwealth Equity Services LLC now owns 22,922 shares of the technology company’s stock valued at $285,000 after purchasing an additional 7,318 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of KT by 14.0% during the first quarter. Envestnet Asset Management Inc. now owns 176,126 shares of the technology company’s stock valued at $2,191,000 after purchasing an additional 21,618 shares during the last quarter. BlackRock Inc. grew its stake in shares of KT by 51.8% during the first quarter. BlackRock Inc. now owns 6,774,789 shares of the technology company’s stock valued at $84,278,000 after purchasing an additional 2,310,499 shares during the last quarter. Kopernik Global Investors LLC grew its stake in shares of KT by 26.9% during the first quarter. Kopernik Global Investors LLC now owns 6,829,391 shares of the technology company’s stock valued at $84,958,000 after purchasing an additional 1,445,580 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of KT during the first quarter valued at approximately $401,000. 23.45% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised shares of KT from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, August 12th.

Shares of KT stock opened at $13.80 on Friday. KT Co. has a 52-week low of $9.40 and a 52-week high of $15.35. The stock has a market cap of $6.77 billion, a PE ratio of 8.17, a PEG ratio of 0.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.35 and a current ratio of 1.40. The firm’s 50 day moving average price is $14.20 and its two-hundred day moving average price is $13.71.

KT (NYSE:KT) last announced its quarterly earnings data on Friday, August 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter. KT had a net margin of 3.77% and a return on equity of 6.12%. The firm had revenue of $5.38 billion for the quarter. As a group, sell-side analysts predict that KT Co. will post 1.55 earnings per share for the current fiscal year.

KT Profile

KT Corp. engages in the provision of integrated telecommunication services. The company operates through the Customer and Marketing businesses. Its services include wire and wireless phones, internet, and other communication. The company was founded on December 20, 1981 and is headquartered in Seongnam-si, South Korea.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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