Atlas Capital Advisors LLC Has $442,000 Stake in KT Co. (NYSE:KT)

Atlas Capital Advisors LLC lifted its position in shares of KT Co. (NYSE:KT) by 34.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,521 shares of the technology company’s stock after buying an additional 8,014 shares during the period. Atlas Capital Advisors LLC’s holdings in KT were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Ballentine Partners LLC grew its position in KT by 41.2% in the first quarter. Ballentine Partners LLC now owns 34,702 shares of the technology company’s stock valued at $487,000 after purchasing an additional 10,118 shares in the last quarter. First Affirmative Financial Network grew its holdings in shares of KT by 7.5% in the 1st quarter. First Affirmative Financial Network now owns 22,653 shares of the technology company’s stock valued at $318,000 after acquiring an additional 1,575 shares in the last quarter. GAMMA Investing LLC increased its position in shares of KT by 68.6% in the first quarter. GAMMA Investing LLC now owns 3,516 shares of the technology company’s stock valued at $49,000 after acquiring an additional 1,430 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in KT by 2.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock worth $418,000 after acquiring an additional 886 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in KT during the fourth quarter valued at approximately $194,000. 18.86% of the stock is currently owned by institutional investors.

KT Stock Performance

Shares of KT opened at $13.56 on Friday. The company has a market cap of $6.99 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The firm has a 50-day moving average of $13.22 and a 200-day moving average of $13.51. KT Co. has a one year low of $11.04 and a one year high of $15.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.00.

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

Analyst Ratings Changes

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

About KT

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.