Atlas Capital Advisors Inc. Grows Holdings in KT Co. (NYSE:KT)

Atlas Capital Advisors Inc. grew its position in shares of KT Co. (NYSE:KT) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,338 shares of the technology company’s stock after purchasing an additional 4,588 shares during the period. Atlas Capital Advisors Inc.’s holdings in KT were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI grew its position in shares of KT by 8.2% in the fourth quarter. National Bank of Canada FI now owns 535,181 shares of the technology company’s stock valued at $8,306,000 after purchasing an additional 40,341 shares during the period. Wellington Management Group LLP grew its holdings in KT by 392.0% in the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock valued at $153,913,000 after buying an additional 7,901,522 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of KT by 3.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 621,606 shares of the technology company’s stock valued at $9,647,000 after acquiring an additional 21,222 shares during the last quarter. Intrust Bank NA purchased a new position in shares of KT during the 4th quarter worth about $186,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of KT in the fourth quarter worth approximately $330,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Trading Down 3.0 %

Shares of KT stock opened at $17.33 on Friday. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.74. The firm’s 50 day moving average price is $17.55 and its two-hundred day moving average price is $16.52. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KT. UBS Group started coverage on shares of KT in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th.

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.