Raymond James & Associates grew its stake in KT Co. (NYSE:KT – Free Report) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 337,000 shares of the technology company’s stock after buying an additional 32,582 shares during the period. Raymond James & Associates owned 0.07% of KT worth $3,808,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased 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 worth $49,000 after buying an additional 3,375 shares in the last quarter. Quantbot Technologies LP acquired a new position in KT in the 2nd quarter valued at about $80,000. Credit Suisse AG increased 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 worth $73,000 after buying an additional 3,683 shares during the period. Spire Wealth Management raised its stake in shares of KT by 20.6% in the first quarter. Spire Wealth Management now owns 9,215 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,574 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its position in KT by 46.5% in 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 in the last quarter. Hedge funds and other institutional investors own 20.75% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on KT shares. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Morgan Stanley upgraded KT from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 11th. They noted that the move was a valuation call.
KT Price Performance
NYSE:KT opened at $11.99 on Thursday. KT Co. has a 12-month low of $11.04 and a 12-month high of $14.93. The company’s 50-day moving average is $12.31 and its two-hundred day moving average is $11.91. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43.
KT (NYSE:KT – Get Free Report) last posted its quarterly earnings results on Monday, August 14th. The technology company reported $0.60 earnings per share (EPS) for the quarter. KT had a return on equity of 6.86% and a net margin of 4.73%. The firm had revenue of $4.98 billion during the quarter. Research analysts expect that KT Co. will post 1.88 EPS for the current year.
KT Company Profile
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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