SG Americas Securities LLC Sells 11,883 Shares of KT Co. (NYSE:KT)

SG Americas Securities LLC lessened its position in shares of KT Co. (NYSE:KT) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,954 shares of the technology company’s stock after selling 11,883 shares during the quarter. SG Americas Securities LLC’s holdings in KT were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KT. Ballentine Partners LLC boosted its stake in KT by 8.8% in the 4th quarter. Ballentine Partners LLC now owns 34,831 shares of the technology company’s stock worth $541,000 after purchasing an additional 2,823 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in shares of KT in the fourth quarter worth $684,000. Redhawk Wealth Advisors Inc. lifted its stake in shares of KT by 3.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company’s stock worth $722,000 after buying an additional 1,581 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of KT during the fourth quarter valued at $181,000. Finally, Kathmere Capital Management LLC increased its position in shares of KT by 19.4% in the 4th quarter. Kathmere Capital Management LLC now owns 31,738 shares of the technology company’s stock valued at $493,000 after acquiring an additional 5,146 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Stock Performance

NYSE:KT opened at $17.02 on Thursday. The company has a market cap of $8.78 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.35 and a beta of 0.95. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45. The company’s 50-day moving average price is $16.56 and its 200-day moving average price is $15.64. 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 released its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. On average, sell-side analysts forecast that KT Co. will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st.

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.