Blue Trust Inc. Raises Stake in KT Co. (NYSE:KT)

Blue Trust Inc. lifted its position in shares of KT Co. (NYSE:KT) by 286.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,728 shares of the technology company’s stock after buying an additional 19,064 shares during the quarter. Blue Trust Inc.’s holdings in KT were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KT. GAMMA Investing LLC purchased a new stake in KT during the fourth quarter worth approximately $28,000. Glassman Wealth Services raised its holdings in KT by 63.5% in the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock valued at $32,000 after acquiring an additional 911 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in KT by 152.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock valued at $41,000 after acquiring an additional 1,821 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in KT by 1,292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,831 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in KT by 1,227.4% in the fourth quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,823 shares in the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Performance

NYSE KT remained flat at $14.15 on Friday. 519,230 shares of the company’s stock were exchanged, compared to its average volume of 767,965. KT Co. has a 52 week low of $11.73 and a 52 week high of $15.35. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $7.30 billion, a PE ratio of 8.52, a PEG ratio of 1.03 and a beta of 0.91. The business has a fifty day moving average price of $13.62 and a 200 day moving average price of $13.64.

KT (NYSE:KT) last posted its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 EPS for the quarter. The company had revenue of $5 billion during the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. Equities research analysts anticipate that KT Co. will post 1.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on KT shares. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group lowered shares of KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th.

KT Company 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.