Mount Yale Investment Advisors LLC Buys Shares of 40,023 KT Co. (NYSE:KT)

Mount Yale Investment Advisors LLC purchased a new position in shares of KT Co. (NYSE:KT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 40,023 shares of the technology company’s stock, valued at approximately $547,000.

Several other institutional investors also recently modified their holdings of the business. Assetmark Inc. boosted its stake in KT by 1,227.4% in the fourth quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,823 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of KT by 152.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,821 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of KT by 68.6% during the first quarter. GAMMA Investing LLC now owns 3,516 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,430 shares during the period. Crewe Advisors LLC bought a new stake in KT in the first quarter valued at about $98,000. Finally, Janiczek Wealth Management LLC lifted its stake in KT by 145.1% in the first quarter. Janiczek Wealth Management LLC now owns 8,254 shares of the technology company’s stock valued at $116,000 after buying an additional 4,886 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Stock Up 0.2 %

NYSE:KT opened at $15.47 on Tuesday. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.73 and a beta of 0.90. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $14.53 and a two-hundred day moving average price of $13.79. KT Co. has a 1 year low of $11.83 and a 1 year high of $15.90.

KT (NYSE:KT) last issued its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $4.77 billion during the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. As a group, equities analysts expect that KT Co. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KT. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 23rd. New Street Research raised shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group cut shares of KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th.

KT 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.