GAMMA Investing LLC Grows Stock Holdings in KT Co. (NYSE:KT)

GAMMA Investing LLC increased its stake in KT Co. (NYSE:KT) by 68.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,516 shares of the technology company’s stock after buying an additional 1,430 shares during the period. GAMMA Investing LLC’s holdings in KT were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KT. 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 worth $32,000 after buying an additional 911 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in KT by 1,292.7% in the 4th 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. EverSource Wealth Advisors LLC boosted its stake in KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,821 shares during the last quarter. Assetmark Inc. boosted its stake in KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,823 shares during the last quarter. Finally, Janiczek Wealth Management LLC bought a new stake in shares of KT in the 4th quarter worth $45,000. Institutional investors own 18.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

KT Stock Up 0.5 %

KT opened at $13.50 on Tuesday. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.93 and a beta of 0.89. The firm has a 50 day moving average price of $13.14 and a 200-day moving average price of $13.51. KT Co. has a twelve month low of $11.04 and a twelve month high of $15.35. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.36.

KT (NYSE:KT) last announced its earnings results on Friday, May 24th. The technology company reported $0.57 earnings per share 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%. Equities research analysts forecast that KT Co. will post 1.79 earnings per share for the current year.

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.