HighTower Advisors LLC Sells 1,731 Shares of KT Co. (NYSE:KT)

HighTower Advisors LLC decreased its holdings in KT Co. (NYSE:KT) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,872 shares of the technology company’s stock after selling 1,731 shares during the period. HighTower Advisors LLC’s holdings in KT were worth $428,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KT. Robeco Institutional Asset Management B.V. raised its position in shares of KT by 44.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after purchasing an additional 1,101,669 shares during the period. Acadian Asset Management LLC lifted its position in shares of KT by 245.7% in the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after acquiring an additional 804,986 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after acquiring an additional 136,021 shares in the last quarter. Assetmark Inc. grew its position in shares of KT by 945.1% during the third quarter. Assetmark Inc. now owns 137,383 shares of the technology company’s stock worth $2,113,000 after purchasing an additional 124,237 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in KT by 65.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 246,563 shares of the technology company’s stock valued at $3,792,000 after purchasing an additional 97,838 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Stock Performance

Shares of KT stock opened at $16.07 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45. The business’s 50 day moving average is $16.12 and its two-hundred day moving average is $14.92. The company has a market capitalization of $8.29 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.15 and a beta of 0.93.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KT. New Street Research raised shares of KT to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

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.