KT Corp (NYSE:KT) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC increased its stake in KT Corp (NYSE:KT) by 26.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,399 shares of the technology company’s stock after buying an additional 7,543 shares during the quarter. Verition Fund Management LLC’s holdings in KT were worth $450,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Silchester International Investors LLP grew its stake in KT by 2.3% during the 2nd quarter. Silchester International Investors LLP now owns 23,784,273 shares of the technology company’s stock valued at $294,211,000 after purchasing an additional 529,887 shares in the last quarter. Acadian Asset Management LLC grew its stake in KT by 15.4% during the 2nd quarter. Acadian Asset Management LLC now owns 9,863,079 shares of the technology company’s stock valued at $122,007,000 after purchasing an additional 1,319,485 shares in the last quarter. Wells Fargo & Company MN grew its stake in KT by 2.9% during the 2nd quarter. Wells Fargo & Company MN now owns 9,171,205 shares of the technology company’s stock valued at $113,448,000 after purchasing an additional 261,354 shares in the last quarter. Kiltearn Partners LLP grew its stake in KT by 0.8% during the 2nd quarter. Kiltearn Partners LLP now owns 7,699,398 shares of the technology company’s stock valued at $95,242,000 after purchasing an additional 64,173 shares in the last quarter. Finally, BlackRock Inc. grew its stake in KT by 16.5% during the 2nd quarter. BlackRock Inc. now owns 6,031,052 shares of the technology company’s stock valued at $74,605,000 after purchasing an additional 854,193 shares in the last quarter. Institutional investors and hedge funds own 34.09% of the company’s stock.

NYSE KT traded up $0.03 during mid-day trading on Thursday, reaching $11.08. 38,715 shares of the company’s stock traded hands, compared to its average volume of 542,208. KT Corp has a 1-year low of $10.86 and a 1-year high of $15.42. The company has a fifty day simple moving average of $11.29 and a 200-day simple moving average of $11.95. The company has a current ratio of 1.19, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.87 and a beta of 0.38.

A number of equities research analysts have weighed in on KT shares. Zacks Investment Research upgraded KT from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. ValuEngine upgraded KT from a “sell” rating to a “hold” rating in a research note on Wednesday.

KT Profile

KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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