Envestnet Portfolio Solutions Inc. Has $232,000 Position in KT Co. (NYSE:KT)

Envestnet Portfolio Solutions Inc. grew its holdings in KT Co. (NYSE:KT) by 15.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,959 shares of the technology company’s stock after purchasing an additional 1,996 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in KT were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in KT. Robeco Institutional Asset Management B.V. raised its holdings in shares of KT by 29.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after purchasing an additional 1,063,736 shares during the period. North of South Capital LLP raised its stake in KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after buying an additional 4,049,439 shares during the period. Ninety One UK Ltd bought a new position in KT in the fourth quarter worth approximately $59,145,000. Ninety One North America Inc. acquired a new stake in KT in the fourth quarter valued at approximately $12,749,000. Finally, Alberta Investment Management Corp bought a new stake in shares of KT during the fourth quarter valued at approximately $11,986,000. Institutional investors own 18.86% of the company’s stock.

KT Trading Down 0.7 %

Shares of KT stock opened at $17.52 on Friday. The company’s 50-day moving average price is $17.51 and its 200-day moving average price is $16.44. 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 $18.74. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.37 and a beta of 0.95.

Analyst Ratings Changes

Several research firms have recently commented on KT. UBS Group started coverage on shares of KT in a research report on Wednesday, February 19th. They set a “buy” rating for the company. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

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.