Principal Securities Inc. Grows Stock Position in KT Co. (NYSE:KT)

Principal Securities Inc. lifted its position in shares of KT Co. (NYSE:KT) by 70.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,730 shares of the technology company’s stock after acquiring an additional 1,544 shares during the quarter. Principal Securities Inc.’s holdings in KT were worth $58,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of KT in the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC raised its position in KT by 3,915.8% in the third 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 period. GAMMA Investing LLC increased 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 purchasing an additional 2,902 shares during the period. MML Investors Services LLC purchased a new stake in KT during the 3rd quarter worth approximately $160,000. Finally, Private Advisor Group LLC purchased a new position in KT in the third quarter valued at $164,000. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Stock Performance

Shares of KT stock opened at $17.21 on Friday. The stock has a 50 day simple moving average of $16.69 and a 200-day simple moving average of $15.98. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on KT shares. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th. UBS Group initiated coverage on shares of KT in a research note on Wednesday, February 19th. They set a “buy” rating for the company.

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.