Panagora Asset Management Inc. Sells 53,520 Shares of KT Corp (NYSE:KT)
Panagora Asset Management Inc. lessened its stake in shares of KT Corp (NYSE:KT) by 33.2% during the second quarter, Holdings Channel reports. The fund owned 107,676 shares of the technology company’s stock after selling 53,520 shares during the quarter. Panagora Asset Management Inc.’s holdings in KT were worth $1,332,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KT. Carroll Financial Associates Inc. grew its position in KT by 89.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,091 shares of the technology company’s stock valued at $25,000 after purchasing an additional 987 shares during the period. Corient Capital Partners LLC bought a new stake in KT during the 2nd quarter worth approximately $160,000. William Blair Investment Management LLC bought a new stake in KT during the 1st quarter worth approximately $166,000. Fox Run Management L.L.C. purchased a new stake in shares of KT in the second quarter worth approximately $166,000. Finally, Centre Asset Management LLC raised its stake in shares of KT by 33.8% in the second quarter. Centre Asset Management LLC now owns 21,860 shares of the technology company’s stock worth $270,000 after purchasing an additional 5,520 shares during the last quarter. 34.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE KT traded up $0.16 during trading on Wednesday, hitting $11.57. The stock had a trading volume of 5,373 shares, compared to its average volume of 423,568. The firm has a fifty day moving average of $11.34 and a two-hundred day moving average of $12.14. The company has a market capitalization of $5.54 billion, a PE ratio of 9.05, a PEG ratio of 0.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.19 and a quick ratio of 1.13. KT Corp has a 12 month low of $10.86 and a 12 month high of $15.42.
KT Company Profile
KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.
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