KT Corporation $KT Shares Acquired by Niatross Investments Ltd

Niatross Investments Ltd increased its stake in KT Corporation (NYSE:KT) by 18.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,006,064 shares of the technology company’s stock after purchasing an additional 1,744,003 shares during the quarter. KT makes up 100.0% of Niatross Investments Ltd’s investment portfolio, making the stock its largest holding. Niatross Investments Ltd’s holdings in KT were worth $190,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in KT by 17.6% during the second quarter. Wellington Management Group LLP now owns 26,973,001 shares of the technology company’s stock valued at $466,093,000 after buying an additional 4,028,281 shares in the last quarter. Millennium Management LLC increased its position in shares of 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 acquiring an additional 518,322 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of KT in the second quarter worth approximately $3,950,000. Jane Street Group LLC raised its holdings in shares of KT by 107.9% during the first quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock valued at $4,290,000 after acquiring an additional 125,702 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of KT by 39.8% during the third quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock valued at $5,474,000 after acquiring an additional 79,891 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Price Performance

Shares of KT opened at $19.80 on Friday. The business’s 50-day moving average is $18.47 and its 200-day moving average is $20.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 4.84 and a beta of 0.56. KT Corporation has a fifty-two week low of $17.13 and a fifty-two week high of $24.58.

Analyst Ratings Changes

A number of equities analysts recently commented on KT shares. Weiss Ratings lowered shares of KT from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Bank of America downgraded shares of KT from a “buy” rating to a “neutral” rating and set a $23.08 target price on the stock. in a research note on Thursday, May 14th. Finally, Zacks Research upgraded KT from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.08.

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.