50,693 Shares in KT Co. (NYSE:KT) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of KT Co. (NYSE:KT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,693 shares of the technology company’s stock, valued at approximately $779,000.

Several other hedge funds also recently added to or reduced their stakes in KT. Robeco Institutional Asset Management B.V. increased its holdings in shares of KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after acquiring an additional 1,101,669 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of KT by 245.7% during the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after purchasing an additional 804,986 shares during the last quarter. Natixis Advisors LLC raised its position in shares of KT by 383.2% during the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock worth $2,345,000 after purchasing an additional 136,021 shares during the period. Assetmark Inc. raised its position in shares of KT by 945.1% during the 3rd quarter. Assetmark Inc. now owns 137,383 shares of the technology company’s stock worth $2,113,000 after purchasing an additional 124,237 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in KT by 31.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock valued at $5,555,000 after purchasing an additional 96,518 shares during the period. 18.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

KT Stock Performance

KT opened at $18.31 on Thursday. 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 business’s 50 day moving average is $15.62 and its 200-day moving average is $14.54. The stock has a market cap of $9.44 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.34.

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

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.