Connor Clark & Lunn Investment Management Ltd. Makes New $592,000 Investment in KT Co. (NYSE:KT)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in KT Co. (NYSE:KT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,495 shares of the technology company’s stock, valued at approximately $592,000.

A number of other hedge funds have also modified their holdings of KT. EverSource Wealth Advisors LLC grew its holdings in shares of 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. Venturi Wealth Management LLC grew its stake in shares of KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of KT in the second quarter valued at approximately $140,000. Aprio Wealth Management LLC purchased a new stake in shares of KT during the second quarter worth approximately $151,000. Finally, Private Advisor Group LLC purchased a new stake in shares of KT during the third quarter worth approximately $164,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Down 0.8 %

KT opened at $18.15 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.45. The stock has a market capitalization of $9.36 billion, a P/E ratio of 10.20, a P/E/G ratio of 1.34 and a beta of 0.90. The business has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $14.60.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. New Street Research raised shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

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.