279,170 Shares in KT Co. (NYSE:KT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in KT Co. (NYSE:KT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 279,170 shares of the technology company’s stock, valued at approximately $4,333,000. Raymond James Financial Inc. owned about 0.05% of KT at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of KT during the 4th quarter valued at about $36,000. Principal Securities Inc. grew its holdings in shares of KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares during the period. GAMMA Investing LLC increased its position in KT by 80.7% during the 4th 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 in the last quarter. Global Retirement Partners LLC raised its holdings in shares of KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after buying an additional 2,667 shares during the period. Finally, MML Investors Services LLC purchased a new stake in shares of KT during the third quarter valued at approximately $160,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Up 0.8 %

KT stock opened at $17.87 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The company has a 50-day simple moving average of $17.47 and a 200-day simple moving average of $16.42. The firm has a market capitalization of $9.21 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.37 and a beta of 0.95. KT Co. has a one year low of $12.10 and a one year high of $18.74.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KT shares. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, UBS Group began coverage on KT in a report on Wednesday, February 19th. They issued a “buy” rating for the company.

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.