116,510 Shares in KT Co. (NYSE:KT) Purchased by Jane Street Group LLC

Jane Street Group LLC purchased a new position in KT Co. (NYSE:KT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 116,510 shares of the technology company’s stock, valued at approximately $1,808,000.

Other institutional investors have also recently bought and sold shares of the company. AdvisorShares Investments LLC purchased a new position in KT during the 4th quarter valued at about $508,000. Northern Trust Corp grew its stake in KT by 701.2% during the 4th quarter. Northern Trust Corp now owns 412,235 shares of the technology company’s stock valued at $6,398,000 after acquiring an additional 360,784 shares in the last quarter. Aquatic Capital Management LLC grew its stake in KT by 146.6% during the 4th quarter. Aquatic Capital Management LLC now owns 62,402 shares of the technology company’s stock valued at $968,000 after acquiring an additional 37,102 shares in the last quarter. Stifel Financial Corp grew its stake in KT by 109.4% during the 4th quarter. Stifel Financial Corp now owns 69,400 shares of the technology company’s stock valued at $1,077,000 after acquiring an additional 36,254 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in KT by 484.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 26,769 shares of the technology company’s stock valued at $415,000 after acquiring an additional 22,190 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KT. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 12th. Finally, UBS Group assumed coverage on KT in a report on Wednesday, February 19th. They set a “buy” rating for the company.

KT Stock Down 0.2%

Shares of KT stock opened at $19.34 on Friday. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT Co. has a 52-week low of $13.11 and a 52-week high of $20.28. The stock has a 50-day simple moving average of $18.28 and a 200-day simple moving average of $17.20.

KT Profile

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.