Bleakley Financial Group LLC Grows Stake in KT Co. (NYSE:KT)

Bleakley Financial Group LLC increased its stake in KT Co. (NYSE:KT) by 27.9% in the 4th quarter, HoldingsChannel reports. The fund owned 23,476 shares of the technology company’s stock after acquiring an additional 5,121 shares during the period. Bleakley Financial Group LLC’s holdings in KT were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KT. JPMorgan Chase & Co. grew its position in KT by 57.3% in the first quarter. JPMorgan Chase & Co. now owns 520,833 shares of the technology company’s stock worth $7,468,000 after acquiring an additional 189,661 shares in the last quarter. Raymond James & Associates boosted its position in shares of KT by 5.7% during the first quarter. Raymond James & Associates now owns 266,292 shares of the technology company’s stock valued at $3,819,000 after buying an additional 14,458 shares during the period. Bank of New York Mellon Corp boosted its position in shares of KT by 27.1% during the first quarter. Bank of New York Mellon Corp now owns 211,336 shares of the technology company’s stock valued at $3,031,000 after buying an additional 45,023 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of KT by 19.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,689 shares of the technology company’s stock valued at $483,000 after buying an additional 5,510 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of KT by 259.9% during the first quarter. Allianz Asset Management GmbH now owns 427,668 shares of the technology company’s stock valued at $6,133,000 after buying an additional 308,849 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Stock Down 5.0 %

Shares of NYSE:KT opened at $12.42 on Monday. The business has a 50 day simple moving average of $14.12 and a two-hundred day simple moving average of $13.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 1.03. KT Co. has a 1 year low of $11.04 and a 1 year high of $15.35. The firm has a market capitalization of $6.36 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.82.

KT (NYSE:KT) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. The firm had revenue of $5.08 billion during the quarter. On average, equities analysts predict that KT Co. will post 1.9 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 8th.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.