Dimensional Fund Advisors LP Sells 11,643 Shares of KT Co. (NYSE:KT)

Dimensional Fund Advisors LP lessened its holdings in KT Co. (NYSE:KT) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 359,587 shares of the technology company’s stock after selling 11,643 shares during the quarter. Dimensional Fund Advisors LP’s holdings in KT were worth $5,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Qtron Investments LLC raised its stake in KT by 5.1% in the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company’s stock valued at $210,000 after purchasing an additional 652 shares in the last quarter. Principal Securities Inc. raised 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 purchasing an additional 1,544 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in KT by 3.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company’s stock valued at $722,000 after purchasing an additional 1,581 shares in the last quarter. Signaturefd LLC raised its stake in KT by 8.2% in the fourth quarter. Signaturefd LLC now owns 22,776 shares of the technology company’s stock valued at $353,000 after purchasing an additional 1,732 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in KT by 15.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company’s stock valued at $232,000 after purchasing an additional 1,996 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Stock Performance

KT stock opened at $19.20 on Tuesday. The business has a 50 day moving average of $18.15 and a 200-day moving average of $17.11. KT Co. has a 1 year low of $13.11 and a 1 year high of $20.28. 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 company has a market capitalization of $9.90 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.37 and a beta of 0.68.

Analyst Upgrades and Downgrades

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

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.