MML Investors Services LLC Purchases New Shares in KT Co. (NYSE:KT)

MML Investors Services LLC purchased a new stake in KT Co. (NYSE:KT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,380 shares of the technology company’s stock, valued at approximately $160,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. acquired a new stake in shares of KT during the third quarter worth approximately $691,000. Natixis Advisors LLC boosted its stake in shares of KT by 383.2% during the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after buying an additional 136,021 shares during the period. Caprock Group LLC raised its stake in shares of KT by 216.2% during the 2nd quarter. Caprock Group LLC now owns 72,823 shares of the technology company’s stock worth $1,009,000 after purchasing an additional 49,793 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of KT by 44.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of KT during the 3rd quarter worth about $779,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

Analysts Set New Price Targets

KT has been the subject of a number of research analyst reports. New Street Research raised shares of KT to a “strong-buy” rating in a research report on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

KT Trading Down 0.6 %

Shares of KT opened at $15.86 on Friday. The stock’s 50-day moving average price is $16.18 and its 200 day moving average price is $15.00. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 1.19 and a beta of 0.93. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45.

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.