GAMMA Investing LLC Purchases Shares of 2,086 KT Co. (NYSE:KT)

GAMMA Investing LLC bought a new position in KT Co. (NYSE:KT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,086 shares of the technology company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LGT Group Foundation lifted its stake in KT by 0.4% in the third quarter. LGT Group Foundation now owns 223,356 shares of the technology company’s stock worth $2,810,000 after acquiring an additional 927 shares during the period. CWM LLC lifted its stake in KT by 17.8% in the fourth quarter. CWM LLC now owns 6,869 shares of the technology company’s stock worth $92,000 after acquiring an additional 1,037 shares during the period. PDS Planning Inc lifted its stake in KT by 9.8% in the fourth quarter. PDS Planning Inc now owns 15,669 shares of the technology company’s stock worth $211,000 after acquiring an additional 1,398 shares during the period. Schechter Investment Advisors LLC lifted its stake in KT by 7.1% in the fourth quarter. Schechter Investment Advisors LLC now owns 24,906 shares of the technology company’s stock worth $335,000 after acquiring an additional 1,651 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in KT by 9.7% in the third quarter. Commonwealth Equity Services LLC now owns 18,698 shares of the technology company’s stock worth $240,000 after acquiring an additional 1,652 shares during the period. Institutional investors own 18.86% of the company’s stock.

KT Stock Performance

Shares of KT stock opened at $12.86 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $6.63 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.41 and a beta of 0.86. The business has a fifty day simple moving average of $13.54 and a two-hundred day simple moving average of $13.32. KT Co. has a 12 month low of $11.04 and a 12 month high of $15.35.

KT (NYSE:KT) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. The business had revenue of $5.08 billion during the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. On average, equities analysts forecast that KT Co. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th.

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.