Standard Life Aberdeen plc increased its stake in shares of KT Corp (NYSE:KT) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,343 shares of the technology company’s stock after purchasing an additional 1,398 shares during the period. Standard Life Aberdeen plc’s holdings in KT were worth $2,085,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. boosted its position in shares of KT by 17.4% during the 3rd quarter. Cornerstone Advisors Inc. now owns 7,502 shares of the technology company’s stock worth $111,000 after purchasing an additional 1,112 shares during the period. Vanguard Group Inc lifted its position in shares of KT by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 115,472 shares of the technology company’s stock worth $1,715,000 after purchasing an additional 3,100 shares during the last quarter. Federated Investors Inc. PA purchased a new stake in shares of KT during the 3rd quarter worth $379,000. NINE MASTS CAPITAL Ltd lifted its position in shares of KT by 123.2% during the 3rd quarter. NINE MASTS CAPITAL Ltd now owns 685,857 shares of the technology company’s stock worth $10,185,000 after purchasing an additional 378,586 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of KT by 11.0% during the 3rd quarter. Morgan Stanley now owns 2,579,937 shares of the technology company’s stock worth $38,312,000 after purchasing an additional 255,802 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.
KT has been the subject of several recent analyst reports. HSBC cut shares of KT from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Zacks Investment Research upgraded shares of KT from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 4th. ValuEngine upgraded shares of KT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Nomura upgraded shares of KT from a “reduce” rating to a “neutral” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. KT has an average rating of “Hold” and an average price target of $16.00.
Shares of NYSE:KT opened at $14.40 on Friday. KT Corp has a fifty-two week low of $12.55 and a fifty-two week high of $16.10. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.33.
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KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.
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