Simplicity Solutions LLC Boosts Stake in KT Co. (NYSE:KT)

Simplicity Solutions LLC increased its stake in KT Co. (NYSE:KT) by 27.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,476 shares of the technology company’s stock after buying an additional 5,121 shares during the period. Simplicity Solutions LLC’s holdings in KT were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janiczek Wealth Management LLC purchased a new stake in shares of KT in the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC grew its stake in shares of KT by 381.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,259 shares of the technology company’s stock worth $49,000 after buying an additional 3,375 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in shares of KT by 46.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 4,837 shares of the technology company’s stock worth $62,000 after buying an additional 1,540 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of KT in the 2nd quarter worth approximately $80,000. Finally, CWM LLC grew its stake in shares of KT by 17.9% in the 3rd quarter. CWM LLC now owns 5,832 shares of the technology company’s stock worth $75,000 after buying an additional 887 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

KT Stock Performance

KT stock opened at $12.20 on Friday. The stock has a market capitalization of $6.25 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 1.25 and a beta of 0.82. KT Co. has a 12-month low of $11.04 and a 12-month high of $15.35. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $13.93 and its 200 day simple moving average is $13.27.

KT (NYSE:KT) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $5.08 billion for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. As a group, research analysts forecast that KT Co. will post 1.9 earnings per share for the current fiscal year.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.