Hosking Partners LLP Acquires New Shares in KT Corporation $KT

Hosking Partners LLP bought a new position in shares of KT Corporation (NYSE:KT) during the 3rd quarter, HoldingsChannel reports. The firm bought 34,611 shares of the technology company’s stock, valued at approximately $675,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Acadian Asset Management LLC raised its holdings in shares of KT by 57.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,988,160 shares of the technology company’s stock valued at $35,190,000 after purchasing an additional 725,164 shares in the last quarter. Millennium Management LLC raised its stake in KT by 4,148.2% in the first quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock worth $9,401,000 after buying an additional 518,322 shares in the last quarter. Jane Street Group LLC raised its stake in KT by 107.9% in the first quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock worth $4,290,000 after buying an additional 125,702 shares in the last quarter. SG Americas Securities LLC lifted its holdings in KT by 306.5% during the second quarter. SG Americas Securities LLC now owns 76,592 shares of the technology company’s stock worth $1,592,000 after buying an additional 57,749 shares during the period. Finally, Lazard Asset Management LLC boosted its position in KT by 1.2% during the 2nd quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock valued at $67,545,000 after acquiring an additional 37,744 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of KT in a research report on Monday, December 29th. Zacks Research lowered KT from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen lowered shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, KT currently has an average rating of “Hold”.

KT Trading Down 1.2%

Shares of NYSE:KT opened at $18.99 on Thursday. The business’s 50-day moving average is $18.53 and its 200 day moving average is $19.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. KT Corporation has a 1 year low of $15.55 and a 1 year high of $21.61. The firm has a market capitalization of $9.79 billion, a P/E ratio of 13.56, a P/E/G ratio of 0.17 and a beta of 0.65.

KT Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.