PNC Financial Services Group Inc. Increases Position in KT Co. (NYSE:KT)

PNC Financial Services Group Inc. increased its position in KT Co. (NYSE:KT) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,133 shares of the technology company’s stock after acquiring an additional 886 shares during the period. PNC Financial Services Group Inc.’s holdings in KT were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new stake in shares of KT in the 3rd quarter valued at $347,000. Mariner LLC boosted its holdings in KT by 109.2% in the third quarter. Mariner LLC now owns 56,985 shares of the technology company’s stock valued at $731,000 after purchasing an additional 29,744 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in KT during the 3rd quarter worth about $790,000. Sei Investments Co. raised its stake in shares of KT by 2.9% during the 3rd quarter. Sei Investments Co. now owns 1,624,247 shares of the technology company’s stock valued at $20,823,000 after buying an additional 45,925 shares during the last quarter. Finally, Ramirez Asset Management Inc. acquired a new position in shares of KT in the 3rd quarter valued at about $1,839,000. Institutional investors and hedge funds 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 Performance

Shares of NYSE KT opened at $13.67 on Friday. KT Co. has a 1 year low of $11.04 and a 1 year high of $15.35. 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’s fifty day moving average price is $13.25 and its 200 day moving average price is $13.51. The company has a market capitalization of $7.05 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.94 and a beta of 0.89.

KT (NYSE:KT) last posted its earnings results on Friday, May 24th. The technology company reported $0.57 EPS for the quarter. The firm had revenue of $5 billion for the quarter. KT had a return on equity of 5.55% and a net margin of 4.09%. On average, research analysts predict 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.