Sequoia Financial Advisors LLC Reduces Stake in KT Co. (NYSE:KT)

Sequoia Financial Advisors LLC lowered its position in KT Co. (NYSE:KT) by 39.0% in the 4th quarter, Holdings Channel reports. The firm owned 21,388 shares of the technology company’s stock after selling 13,688 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KT were worth $332,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in KT in the fourth quarter worth about $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 worth $58,000 after purchasing an additional 1,544 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after acquiring an additional 2,902 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,667 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of KT during the third quarter valued at approximately $160,000. Institutional investors own 18.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KT shares. The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. UBS Group started coverage on shares of KT in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Finally, StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

KT Stock Performance

Shares of NYSE:KT opened at $18.40 on Thursday. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 10.34, 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 $18.74. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $17.28 and a 200 day moving average of $16.32.

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.