KT Co. (NYSE:KT) Holdings Reduced by Aigen Investment Management LP

Aigen Investment Management LP decreased its position in KT Co. (NYSE:KT) by 60.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,715 shares of the technology company’s stock after selling 19,489 shares during the period. Aigen Investment Management LP’s holdings in KT were worth $177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KT. Canada Pension Plan Investment Board bought a new position in shares of KT in the first quarter valued at approximately $26,328,000. CWA Asset Management Group LLC boosted its holdings in shares of KT by 49.5% in the second quarter. CWA Asset Management Group LLC now owns 39,921 shares of the technology company’s stock valued at $559,000 after acquiring an additional 13,220 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of KT by 82.8% in the first quarter. Cubist Systematic Strategies LLC now owns 62,825 shares of the technology company’s stock valued at $782,000 after acquiring an additional 28,465 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of KT in the first quarter valued at approximately $125,000. Finally, Personal CFO Solutions LLC bought a new position in shares of KT in the second quarter valued at approximately $295,000. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of KT from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, August 12th.

KT stock opened at $13.83 on Friday. KT Co. has a 12 month low of $9.40 and a 12 month high of $15.35. The firm has a market cap of $6.78 billion, a PE ratio of 8.18, a P/E/G ratio of 0.91 and a beta of 0.85. The firm has a 50 day simple moving average of $14.26 and a 200 day simple moving average of $13.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.40 and a quick ratio of 1.35.

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

About KT

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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