KT Co. (NYSE:KT) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network lifted its position in shares of KT Co. (NYSE:KT) by 7.5% during the first quarter, HoldingsChannel reports. The fund owned 22,653 shares of the technology company’s stock after acquiring an additional 1,575 shares during the quarter. First Affirmative Financial Network’s holdings in KT were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KT. Janney Montgomery Scott LLC boosted its holdings in KT by 7.9% during the third quarter. Janney Montgomery Scott LLC now owns 45,106 shares of the technology company’s stock worth $578,000 after buying an additional 3,297 shares in the last quarter. HighTower Advisors LLC purchased a new stake in KT during the third quarter worth about $347,000. PNC Financial Services Group Inc. lifted its holdings in shares of KT by 23.9% in the third quarter. PNC Financial Services Group Inc. now owns 30,247 shares of the technology company’s stock valued at $388,000 after purchasing an additional 5,841 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of KT in the third quarter valued at about $799,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of KT by 29.7% in the third quarter. Acadian Asset Management LLC now owns 297,751 shares of the technology company’s stock valued at $3,813,000 after purchasing an additional 68,203 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th.

KT Stock Performance

Shares of KT opened at $13.43 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.07. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.93 and a beta of 0.89. The company’s 50 day simple moving average is $13.12 and its 200 day simple moving average is $13.50. KT Co. has a 1 year low of $11.04 and a 1 year high of $15.35.

KT (NYSE:KT) last released its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. The company had revenue of $5 billion during the quarter. On average, sell-side analysts predict that KT Co. will post 1.79 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.