Ramirez Asset Management Inc. Sells 1,935 Shares of KT Co. (NYSE:KT)

Ramirez Asset Management Inc. decreased its position in KT Co. (NYSE:KT) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 104,242 shares of the technology company’s stock after selling 1,935 shares during the period. Ramirez Asset Management Inc.’s holdings in KT were worth $1,618,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KT. Robeco Institutional Asset Management B.V. lifted its holdings in KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock worth $72,507,000 after purchasing an additional 1,063,736 shares during the last quarter. North of South Capital LLP boosted its position in KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after buying an additional 4,049,439 shares during the period. Ninety One UK Ltd acquired a new position in shares of KT in the fourth quarter worth approximately $59,145,000. Boston Partners lifted its holdings in KT by 215.6% in the fourth quarter. Boston Partners now owns 1,247,881 shares of the technology company’s stock valued at $19,380,000 after buying an additional 852,539 shares during the period. Finally, Ninety One North America Inc. bought a new stake in shares of KT in the 4th quarter valued at $12,749,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

Analyst Ratings Changes

KT has been the topic of several recent analyst reports. UBS Group began coverage on KT in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.

KT Price Performance

Shares of NYSE KT opened at $17.64 on Friday. 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 Co. has a 1 year low of $12.10 and a 1 year high of $18.74. The company’s 50-day moving average is $17.49 and its 200 day moving average is $16.43. The stock has a market capitalization of $9.09 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.37 and a beta of 0.95.

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.