HighTower Advisors LLC Has $562,000 Stock Position in KT Co. (NYSE:KT)

HighTower Advisors LLC increased its holdings in KT Co. (NYSE:KT) by 30.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,241 shares of the technology company’s stock after acquiring an additional 8,369 shares during the period. HighTower Advisors LLC’s holdings in KT were worth $562,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of KT in the 4th quarter worth $36,000. Principal Securities Inc. grew its position in KT by 70.6% in 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 in the last quarter. GAMMA Investing LLC increased its stake in KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of KT in the 3rd quarter worth approximately $160,000. Institutional investors own 18.86% of the company’s stock.

KT Stock Down 0.7 %

KT stock opened at $17.52 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $9.03 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.37 and a beta of 0.95. The firm has a 50 day moving average price of $17.51 and a 200-day moving average price of $16.45. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.74.

Analyst Upgrades and Downgrades

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

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.