Intrust Bank NA Invests $186,000 in KT Co. (NYSE:KT)

Intrust Bank NA acquired a new stake in shares of KT Co. (NYSE:KT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,016 shares of the technology company’s stock, valued at approximately $186,000.

Several other hedge funds have also recently made changes to their positions in KT. Orion Portfolio Solutions LLC acquired a new stake in KT during the 4th quarter valued at approximately $330,000. EntryPoint Capital LLC grew its position in KT by 21.4% during the 4th quarter. EntryPoint Capital LLC now owns 18,660 shares of the technology company’s stock worth $290,000 after purchasing an additional 3,290 shares during the period. LPL Financial LLC raised its stake in shares of KT by 62.0% during the 4th quarter. LPL Financial LLC now owns 81,289 shares of the technology company’s stock valued at $1,262,000 after buying an additional 31,096 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock valued at $124,000 after buying an additional 2,181 shares during the period. Finally, Lingohr Asset Management GmbH purchased a new stake in shares of KT in the fourth quarter worth about $1,569,000. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Price Performance

Shares of KT stock opened at $17.52 on Monday. The firm has a market cap of $9.03 billion, a PE ratio of 9.84, a P/E/G ratio of 0.37 and a beta of 0.95. The business has a 50-day moving average price of $17.51 and a 200 day moving average price of $16.46. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.74.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KT shares. The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. Finally, UBS Group assumed coverage on shares of KT in a report on Wednesday, February 19th. They set a “buy” rating on the stock.

KT Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.