Park Avenue Securities LLC Has $238,000 Holdings in KT Co. (NYSE:KT)

Park Avenue Securities LLC raised its position in KT Co. (NYSE:KT) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,440 shares of the technology company’s stock after buying an additional 1,752 shares during the period. Park Avenue Securities LLC’s holdings in KT were worth $238,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Savant Capital LLC bought a new position in KT in the 4th quarter worth approximately $182,000. Rhumbline Advisers boosted its holdings in shares of KT by 57.4% in the 4th quarter. Rhumbline Advisers now owns 90,816 shares of the technology company’s stock worth $1,409,000 after purchasing an additional 33,119 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. Truist Financial Corp purchased a new position in shares of KT in the 4th quarter worth about $181,000. Finally, Global Retirement Partners LLC boosted its holdings in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,667 shares during the period. 18.86% of the stock is owned by institutional investors.

KT Stock Performance

KT stock opened at $20.18 on Tuesday. The company has a market cap of $10.41 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 0.37 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The stock’s fifty day moving average price is $18.99 and its 200-day moving average price is $17.69. KT Co. has a 1 year low of $13.11 and a 1 year high of $20.46.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KT shares. UBS Group began coverage on KT in a report on Wednesday, February 19th. They set a “buy” rating for the company. Wall Street Zen lowered KT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 20th. Finally, The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd.

KT Company 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.