Savant Capital LLC Buys New Position in KT Co. (NYSE:KT)

Savant Capital LLC purchased a new stake in KT Co. (NYSE:KT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,724 shares of the technology company’s stock, valued at approximately $182,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its holdings in KT by 18.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company’s stock valued at $823,000 after acquiring an additional 7,858 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in KT by 74.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company’s stock valued at $1,650,000 after acquiring an additional 45,941 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in KT by 44.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after buying an additional 1,101,669 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in KT during the third quarter valued at about $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in KT during the third quarter valued at about $592,000. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Price Performance

NYSE KT opened at $17.30 on Thursday. The company has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $15.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. KT Co. has a 52-week low of $12.10 and a 52-week high of $18.45.

KT (NYSE:KT) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Equities research analysts predict that KT Co. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KT has been the subject of a number of analyst reports. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday. UBS Group initiated coverage on shares of KT in a research note on Wednesday. They set a “buy” rating for the company.

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.