KT Co. (NYSE:KT) Shares Purchased by Principal Securities Inc.

Principal Securities Inc. increased its position in KT Co. (NYSE:KT) by 70.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,730 shares of the technology company’s stock after buying an additional 1,544 shares during the period. Principal Securities Inc.’s holdings in KT were worth $58,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after purchasing an additional 1,063,736 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of KT during the 4th quarter valued at approximately $59,145,000. Ninety One North America Inc. acquired a new stake in shares of KT during the 4th quarter valued at approximately $12,749,000. FMR LLC boosted its holdings in shares of KT by 10.1% in the 3rd quarter. FMR LLC now owns 711,072 shares of the technology company’s stock valued at $10,936,000 after buying an additional 65,415 shares during the period. Finally, National Bank of Canada FI acquired a new position in KT in the third quarter valued at approximately $7,611,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

KT Trading Down 2.7 %

KT stock opened at $17.21 on Friday. The company has a 50 day moving average price of $16.69 and a 200 day moving average price 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 Co. has a 52 week low of $12.10 and a 52 week high of $18.45. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.37 and a beta of 0.95.

KT (NYSE:KT) last issued its earnings results on Tuesday, November 26th. The technology company reported $0.54 EPS for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. Research analysts forecast that KT Co. will post 0.73 EPS for the current 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.