Diversified Trust Co purchased a new stake in KT Corp (NYSE:KT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,942 shares of the technology company’s stock, valued at approximately $284,000.
Several other hedge funds have also made changes to their positions in KT. Simplex Trading LLC bought a new position in KT in the fourth quarter valued at approximately $43,000. Advisors Preferred LLC bought a new position in KT in the fourth quarter valued at approximately $44,000. Cornerstone Advisors Inc. boosted its stake 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 acquiring an additional 1,112 shares during the period. Iberiabank Corp bought a new position in shares of KT during the 3rd quarter worth approximately $189,000. Finally, Blair William & Co. IL bought a new position in shares of KT during the 3rd quarter worth approximately $221,000. Institutional investors own 31.92% of the company’s stock.
Shares of KT stock traded down $0.31 during trading hours on Monday, reaching $13.51. The company had a trading volume of 1,570,872 shares, compared to its average volume of 558,392. KT Corp has a one year low of $12.55 and a one year high of $15.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.22 and a quick ratio of 1.18. The firm has a market capitalization of $6.77 billion, a P/E ratio of 15.35, a PEG ratio of 0.94 and a beta of 0.48.
KT has been the subject of several research reports. HSBC cut KT from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Zacks Investment Research cut KT from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Finally, Nomura raised KT from a “reduce” rating to a “neutral” rating in a report on Friday, December 7th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $16.00.
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KT Company Profile
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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