Natixis Advisors LLC Increases Position in KT Co. (NYSE:KT)

Natixis Advisors LLC boosted its stake in shares of KT Co. (NYSE:KT) by 14.8% during the third quarter, Holdings Channel.com reports. The firm owned 196,935 shares of the technology company’s stock after purchasing an additional 25,420 shares during the quarter. Natixis Advisors LLC’s holdings in KT were worth $3,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PDS Planning Inc boosted its holdings in KT by 6.2% in the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock worth $282,000 after acquiring an additional 1,065 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in KT by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock worth $5,021,000 after purchasing an additional 1,244 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in KT by 41.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,264 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of KT by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock worth $294,000 after buying an additional 1,403 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of KT by 5.6% during the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock worth $433,000 after buying an additional 1,487 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Trading Up 1.6 %

KT stock opened at $16.60 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 10.13, a P/E/G ratio of 1.20 and a beta of 0.90. KT Co. has a 12 month low of $12.10 and a 12 month high of $16.61. The stock’s 50 day simple moving average is $15.50 and its two-hundred day simple moving average is $14.43. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last announced its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. The firm had revenue of $4.77 billion for the quarter. Analysts anticipate that KT Co. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KT. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th. New Street Research upgraded KT to a “strong-buy” rating in a research note on Monday, September 9th.

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.