Blue Trust Inc. Lowers Stock Position in KT Co. (NYSE:KT)

Blue Trust Inc. lessened its stake in shares of KT Co. (NYSE:KT) by 74.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,348 shares of the technology company’s stock after selling 41,486 shares during the quarter. Blue Trust Inc.’s holdings in KT were worth $223,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new position in KT during the fourth quarter worth about $36,000. Venturi Wealth Management LLC boosted its stake in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares during the period. GAMMA Investing LLC boosted its stake in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after buying an additional 2,902 shares during the period. MML Investors Services LLC purchased a new position in KT during the third quarter worth about $160,000. Finally, Private Advisor Group LLC purchased a new position in KT during the third quarter worth about $164,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Trading Up 0.3 %

NYSE KT opened at $17.30 on Thursday. The firm has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $15.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a one year low of $12.10 and a one year high of $18.45. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.36 and a beta of 0.95.

KT (NYSE:KT) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Equities research analysts anticipate that KT Co. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on KT shares. UBS Group started coverage on shares of KT in a research note on Wednesday. They issued a “buy” rating for the company. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

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.