43,194 Shares in KT Co. (NYSE:KT) Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC acquired a new stake in KT Co. (NYSE:KT) during the fourth quarter, Holdings Channel.com reports. The fund acquired 43,194 shares of the technology company’s stock, valued at approximately $670,000.

Several other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in KT during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC increased its holdings in shares of KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after acquiring an additional 2,902 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of KT during the 3rd quarter valued at $160,000. Finally, Private Advisor Group LLC bought a new stake in KT during the 3rd quarter worth $164,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Trading Up 1.5 %

KT opened at $17.10 on Friday. The company’s 50 day moving average price is $16.45 and its two-hundred day moving average price is $15.75. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.35 and a beta of 0.95. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

KT (NYSE:KT) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, research analysts predict that KT Co. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.