KT Co. (NYSE:KT) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in KT Co. (NYSE:KT) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,578 shares of the technology company’s stock after acquiring an additional 7,858 shares during the quarter. Sanctuary Advisors LLC’s holdings in KT were worth $823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the period. MML Investors Services LLC purchased a new position in shares of KT during the third quarter worth about $160,000. Private Advisor Group LLC acquired a new position in KT in the 3rd quarter valued at about $164,000. Centiva Capital LP purchased a new stake in KT during the 3rd quarter valued at approximately $191,000. Finally, XTX Topco Ltd acquired a new stake in KT during the 3rd quarter worth approximately $214,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Stock Performance

NYSE:KT opened at $16.05 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.45. The firm’s fifty day simple moving average is $16.14 and its 200-day simple moving average is $14.95. The stock has a market cap of $8.28 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93.

Wall Street Analyst Weigh In

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

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.