QRG Capital Management Inc. Grows Stock Position in KT Co. (NYSE:KT)

QRG Capital Management Inc. increased its position in shares of KT Co. (NYSE:KT) by 35.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,826 shares of the technology company’s stock after purchasing an additional 18,398 shares during the quarter. QRG Capital Management Inc.’s holdings in KT were worth $1,099,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KT. R Squared Ltd purchased a new position in KT in the 4th quarter worth approximately $36,000. Principal Securities Inc. increased its position in KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after acquiring an additional 4,464 shares during the last quarter. GAMMA Investing LLC lifted its position in KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after buying an additional 2,667 shares in the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of KT in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research report on Monday.

KT Trading Down 0.1 %

NYSE KT opened at $17.14 on Tuesday. The firm’s fifty day moving average price is $16.75 and its 200 day moving average price is $16.06. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.45.

About KT

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.