Sequoia Financial Advisors LLC Acquires 4,743 Shares of KT Co. (NYSE:KT)

Sequoia Financial Advisors LLC boosted its position in KT Co. (NYSE:KT) by 17.1% in the fourth quarter, HoldingsChannel reports. The firm owned 32,526 shares of the technology company’s stock after buying an additional 4,743 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KT were worth $437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in KT by 381.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,259 shares of the technology company’s stock valued at $49,000 after buying an additional 3,375 shares during the last quarter. Ronald Blue Trust Inc. increased its stake in KT by 46.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 4,837 shares of the technology company’s stock valued at $62,000 after buying an additional 1,540 shares during the last quarter. Quantbot Technologies LP purchased a new stake in KT in the 2nd quarter valued at about $80,000. CWM LLC increased its stake in KT by 17.9% in the 3rd quarter. CWM LLC now owns 5,832 shares of the technology company’s stock valued at $75,000 after buying an additional 887 shares during the last quarter. Finally, Credit Suisse AG increased its stake in KT by 162.5% in the 3rd quarter. Credit Suisse AG now owns 5,949 shares of the technology company’s stock valued at $73,000 after buying an additional 3,683 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

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

KT Stock Down 1.6 %

KT stock opened at $12.11 on Thursday. KT Co. has a twelve month low of $11.04 and a twelve month high of $15.35. The firm has a 50 day moving average price of $14.05 and a 200-day moving average price of $13.29. The company has a market capitalization of $6.20 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.28 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

KT (NYSE:KT) last released its 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. As a group, equities analysts predict that KT Co. will post 1.9 EPS for the current year.

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.