MML Investors Services LLC Takes Position in KT Co. (NYSE:KT)

MML Investors Services LLC bought a new position in KT Co. (NYSE:KT) in the third quarter, HoldingsChannel.com reports. The fund bought 10,380 shares of the technology company’s stock, valued at approximately $160,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. XTX Topco Ltd bought a new position in KT during the 3rd quarter valued at about $214,000. National Bank of Canada FI bought a new position in shares of KT in the third quarter valued at approximately $7,611,000. Quantinno Capital Management LP raised its stake in shares of KT by 43.0% in the third quarter. Quantinno Capital Management LP now owns 58,099 shares of the technology company’s stock valued at $894,000 after acquiring an additional 17,476 shares during the last quarter. Centiva Capital LP acquired a new position in shares of KT in the 3rd quarter worth approximately $191,000. Finally, Townsquare Capital LLC bought a new stake in KT during the 3rd quarter worth approximately $219,000. Institutional investors own 18.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th. New Street Research raised KT to a “strong-buy” rating in a report on Monday, September 9th.

KT Price Performance

Shares of KT stock opened at $15.86 on Friday. KT Co. has a 1 year low of $12.10 and a 1 year high of $18.45. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $16.18 and its 200-day moving average is $15.00. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.19 and a beta of 0.93.

KT Company 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.