Cwm LLC Boosts Stock Holdings in KT Co. (NYSE:KT)

Cwm LLC boosted its stake in KT Co. (NYSE:KT) by 17.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,869 shares of the technology company’s stock after purchasing an additional 1,037 shares during the quarter. Cwm LLC’s holdings in KT were worth $92,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KT. Ramirez Asset Management Inc. bought a new stake in KT in the third quarter worth $1,839,000. Mondrian Investment Partners LTD raised its position in shares of KT by 6.0% during the 3rd quarter. Mondrian Investment Partners LTD now owns 3,150,646 shares of the technology company’s stock valued at $40,391,000 after buying an additional 179,155 shares in the last quarter. KLR Investment Advisors LLC lifted its holdings in shares of KT by 143.3% in the 3rd quarter. KLR Investment Advisors LLC now owns 69,870 shares of the technology company’s stock valued at $896,000 after acquiring an additional 41,157 shares during the last quarter. PNC Financial Services Group Inc. grew its position in KT by 23.9% in the third quarter. PNC Financial Services Group Inc. now owns 30,247 shares of the technology company’s stock worth $388,000 after acquiring an additional 5,841 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in KT by 17.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 32,526 shares of the technology company’s stock worth $437,000 after acquiring an additional 4,743 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

Analysts Set New Price Targets

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

KT Trading Up 1.3 %

Shares of KT opened at $13.03 on Wednesday. The company’s fifty day simple moving average is $13.52 and its 200-day simple moving average is $13.32. The company has a market cap of $6.72 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.41 and a beta of 0.86. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. KT Co. has a twelve month low of $11.04 and a twelve month high of $15.35.

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

KT Company Profile

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.