Sequoia Financial Advisors LLC Sells 674 Shares of KT Co. (NYSE:KT)

Sequoia Financial Advisors LLC lowered its stake in shares of KT Co. (NYSE:KT) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,076 shares of the technology company’s stock after selling 674 shares during the period. Sequoia Financial Advisors LLC’s holdings in KT were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in KT by 41.9% during the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after buying an additional 1,264 shares during the last quarter. Crewe Advisors LLC bought a new position in KT during the first quarter worth about $98,000. Envestnet Portfolio Solutions Inc. bought a new position in KT during the second quarter worth about $140,000. Kathmere Capital Management LLC bought a new position in KT during the first quarter worth about $148,000. Finally, Aprio Wealth Management LLC bought a new position in KT during the second quarter worth about $151,000. Institutional investors own 18.86% of the company’s stock.

KT Trading Up 0.6 %

NYSE KT opened at $15.80 on Friday. The firm has a market cap of $8.15 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.75 and a beta of 0.90. 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 stock’s 50-day moving average is $15.24 and its 200-day moving average is $14.01. KT Co. has a one year low of $11.83 and a one year high of $15.98.

KT (NYSE:KT) last announced its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) 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 for the quarter. Sell-side analysts anticipate that KT Co. will post 1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.