Spire Wealth Management Purchases 1,574 Shares of KT Co. (NYSE:KT)

Posted by on Aug 23rd, 2023

Spire Wealth Management boosted its position in KT Co. (NYSE:KT – Free Report) by 20.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,215 shares of the technology company’s stock after buying an additional 1,574 shares during the period. Spire Wealth Management’s holdings in KT were worth $104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its stake in KT by 230.0% during the 4th quarter. CWM LLC now owns 1,937 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,350 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in KT by 381.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,259 shares of the technology company’s stock valued at $49,000 after purchasing an additional 3,375 shares during the last quarter. Credit Suisse AG boosted its stake in KT by 162.5% during the 3rd quarter. Credit Suisse AG now owns 5,949 shares of the technology company’s stock valued at $73,000 after purchasing an additional 3,683 shares during the last quarter. Quantbot Technologies LP acquired a new position in KT during the 2nd quarter valued at about $80,000. Finally, BNP Paribas Arbitrage SNC boosted its stake in KT by 46.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 9,483 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,011 shares during the last quarter. 21.80% of the stock is owned by institutional investors.

KT Price Performance

Shares of NYSE KT opened at $12.20 on Wednesday. KT Co. has a twelve month low of $11.04 and a twelve month high of $14.93. The stock’s 50 day moving average price is $11.81 and its 200-day moving average price is $11.81. The company has a market capitalization of $5.75 billion, a PE ratio of 6.81, a PEG ratio of 2.50 and a beta of 0.76. The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 0.46.

KT (NYSE:KT – Get Free Report) last announced its earnings results on Wednesday, May 24th. The technology company reported $0.46 earnings per share for the quarter. KT had a return on equity of 6.63% and a net margin of 4.46%. The firm had revenue of $5.15 billion for the quarter. On average, equities analysts anticipate that KT Co. will post 1.94 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on KT in a research note on Thursday, August 17th. They issued a “buy” rating on the stock.

Check Out Our Latest Research Report on KT

About KT

(Free Report)

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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