Ballentine Partners LLC Has $487,000 Position in KT Co. (NYSE:KT)

Ballentine Partners LLC raised its holdings in KT Co. (NYSE:KT) by 41.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,702 shares of the technology company’s stock after buying an additional 10,118 shares during the period. Ballentine Partners LLC’s holdings in KT were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of KT during the 4th quarter worth about $28,000. Glassman Wealth Services increased its stake in shares of KT by 63.5% during the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after purchasing an additional 911 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of KT by 1,292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,831 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,823 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Stock Performance

Shares of KT stock opened at $13.50 on Tuesday. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.07. The company has a 50-day simple moving average of $13.14 and a 200 day simple moving average of $13.51. KT Co. has a 52 week low of $11.04 and a 52 week high of $15.35.

KT (NYSE:KT) last announced its earnings results on Friday, May 24th. The technology company reported $0.57 EPS for the quarter. The business had revenue of $5 billion during the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. On average, sell-side analysts predict that KT Co. will post 1.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th.

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.