North of South Capital LLP Sells 386,132 Shares of KT Corporation (NYSE:KT)

North of South Capital LLP trimmed its stake in KT Corporation (NYSE:KT) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,831,521 shares of the technology company’s stock after selling 386,132 shares during the period. KT comprises about 7.6% of North of South Capital LLP’s investment portfolio, making the stock its 5th largest position. North of South Capital LLP’s holdings in KT were worth $67,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of KT. Park Place Capital Corp increased its holdings in KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock valued at $36,000 after purchasing an additional 819 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of KT by 174.8% during the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,447 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of KT by 143.2% in the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock valued at $42,000 after buying an additional 1,396 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of KT by 20.4% in the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company’s stock valued at $138,000 after buying an additional 1,323 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in KT by 37.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock worth $124,000 after buying an additional 2,181 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Trading Up 2.3%

NYSE:KT opened at $21.26 on Wednesday. The business’s 50-day simple moving average is $19.55 and its 200-day simple moving average is $17.95. KT Corporation has a fifty-two week low of $13.11 and a fifty-two week high of $21.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.04. The stock has a market capitalization of $10.97 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.17 and a beta of 0.68.

KT (NYSE:KT) last announced its earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. The firm had revenue of $4.71 billion during the quarter. Sell-side analysts expect that KT Corporation will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 20th.

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.