Kiltearn Partners LLP Decreases Stock Position in KT Co. (NYSE:KT)

Kiltearn Partners LLP decreased its position in shares of KT Co. (NYSE:KT) by 17.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,049,510 shares of the technology company’s stock after selling 226,300 shares during the period. KT comprises approximately 1.7% of Kiltearn Partners LLP’s holdings, making the stock its 23rd biggest holding. Kiltearn Partners LLP owned about 0.20% of KT worth $14,347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its stake in KT by 352.2% in the second quarter. Marshall Wace LLP now owns 118,045 shares of the technology company’s stock worth $1,614,000 after purchasing an additional 91,940 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of KT in the 2nd quarter valued at about $547,000. Sei Investments Co. raised its stake in KT by 2.3% during the second quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock worth $20,774,000 after acquiring an additional 34,164 shares during the period. Dimensional Fund Advisors LP lifted its holdings in KT by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock worth $5,021,000 after acquiring an additional 1,244 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in KT by 31.1% in the second quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock valued at $5,555,000 after acquiring an additional 96,518 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Stock Performance

KT opened at $15.47 on Tuesday. The business has a 50 day moving average price of $14.53 and a two-hundred day moving average price of $13.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. KT Co. has a 1-year low of $11.83 and a 1-year high of $15.90.

KT (NYSE:KT) last announced its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. The business had revenue of $4.77 billion during the quarter. Research analysts predict that KT Co. will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KT. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 23rd. New Street Research upgraded shares of KT to a “strong-buy” rating in a research report on Monday, September 9th. Finally, The Goldman Sachs Group cut KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th.

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.