Victory Capital Management Inc. Purchases 3,334 Shares of KT Co. (NYSE:KT)

Victory Capital Management Inc. increased its position in KT Co. (NYSE:KT) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,822 shares of the technology company’s stock after purchasing an additional 3,334 shares during the period. Victory Capital Management Inc.’s holdings in KT were worth $1,366,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after buying an additional 1,264 shares in the last quarter. Venturi Wealth Management LLC lifted its position in KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after acquiring an additional 4,464 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in KT during the 2nd quarter valued at about $140,000. Aprio Wealth Management LLC bought a new stake in KT during the 2nd quarter worth approximately $151,000. Finally, Private Advisor Group LLC purchased a new stake in shares of KT in the third quarter worth approximately $164,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Stock Performance

Shares of KT opened at $16.97 on Tuesday. The stock has a 50 day moving average of $15.50 and a 200 day moving average of $14.45. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.22 and a beta of 0.90. KT Co. has a 12 month low of $12.10 and a 12 month high of $17.02. 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 (NYSE:KT) last announced its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $4.77 billion during the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. As a group, sell-side analysts forecast that KT Co. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KT shares. New Street Research upgraded KT to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

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.