Sanctuary Advisors LLC Sells 4,165 Shares of KT Co. (NYSE:KT)

Sanctuary Advisors LLC cut its position in KT Co. (NYSE:KT) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,413 shares of the technology company’s stock after selling 4,165 shares during the quarter. Sanctuary Advisors LLC’s holdings in KT were worth $705,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its stake in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,544 shares during the last quarter. Rhumbline Advisers grew its stake in shares of KT by 57.4% during the fourth quarter. Rhumbline Advisers now owns 90,816 shares of the technology company’s stock worth $1,409,000 after acquiring an additional 33,119 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of KT during the fourth quarter worth about $182,000. Kestra Private Wealth Services LLC purchased a new stake in shares of KT during the fourth quarter worth about $670,000. Finally, Ninety One UK Ltd purchased a new stake in shares of KT during the fourth quarter worth about $59,145,000. 18.86% of the stock is currently owned by institutional investors.

KT Price Performance

Shares of NYSE KT opened at $17.13 on Friday. The business’s 50 day moving average price is $16.71 and its 200 day moving average price is $15.99. The firm has a market cap of $8.83 billion, a P/E ratio of 9.62, a P/E/G ratio of 0.37 and a beta of 0.95. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KT shares. UBS Group started coverage on KT in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

KT Company 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.