Marshall Wace LLP Acquires 91,940 Shares of KT Co. (NYSE:KT)

Marshall Wace LLP increased its holdings in shares of KT Co. (NYSE:KT) by 352.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,045 shares of the technology company’s stock after buying an additional 91,940 shares during the period. Marshall Wace LLP’s holdings in KT were worth $1,614,000 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 business. Price T Rowe Associates Inc. MD lifted its holdings in KT by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,231,686 shares of the technology company’s stock worth $124,074,000 after buying an additional 23,779 shares during the period. Sivia Capital Partners LLC bought a new stake in KT in the fourth quarter valued at approximately $194,000. PNC Financial Services Group Inc. increased its position in KT by 2.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock valued at $418,000 after purchasing an additional 886 shares during the period. GAMMA Investing LLC raised its holdings in KT by 68.6% during the 1st quarter. GAMMA Investing LLC now owns 3,516 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,430 shares during the last quarter. Finally, First Affirmative Financial Network lifted its position 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 worth $318,000 after purchasing an additional 1,575 shares during the period. 18.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

KT Stock Performance

NYSE:KT opened at $15.00 on Friday. The firm has a market capitalization of $7.74 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.73 and a beta of 0.90. KT Co. has a twelve month low of $11.83 and a twelve month high of $15.90. The company has a fifty day moving average of $14.84 and a 200-day moving average of $13.85. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35.

KT (NYSE:KT) last posted its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The firm had revenue of $4.77 billion during the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. As a group, sell-side analysts anticipate that KT Co. will post 1.86 EPS for the current year.

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.