Global Retirement Partners LLC Purchases 2,667 Shares of KT Co. (NYSE:KT)

Global Retirement Partners LLC raised its position in KT Co. (NYSE:KT) by 58.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,253 shares of the technology company’s stock after buying an additional 2,667 shares during the period. Global Retirement Partners LLC’s holdings in KT were worth $113,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of KT in the fourth quarter worth approximately $36,000. Principal Securities Inc. lifted its stake in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of KT by 3,915.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares in the last quarter. GAMMA Investing LLC grew its position in shares of KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after buying an additional 2,902 shares during the period. Finally, MML Investors Services LLC bought a new stake in shares of KT in the 3rd quarter valued at $160,000. 18.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KT shares. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. UBS Group started coverage on KT in a report on Wednesday, February 19th. They issued a “buy” rating on the stock.

KT Price Performance

KT stock opened at $17.21 on Friday. The company has a market capitalization of $8.87 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. KT Co. has a 52-week low of $12.10 and a 52-week high of $18.45. The business has a 50-day simple moving average of $16.69 and a two-hundred day simple moving average of $15.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

KT (NYSE:KT) last posted its 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%. Research analysts expect that KT Co. will post 0.73 EPS for the current fiscal year.

KT 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.