Rhumbline Advisers Purchases 2,731 Shares of KT Corporation (NYSE:KT)

Rhumbline Advisers increased its position in KT Corporation (NYSE:KT) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,547 shares of the technology company’s stock after buying an additional 2,731 shares during the period. Rhumbline Advisers’ holdings in KT were worth $1,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors acquired a new position in shares of KT during the 4th quarter worth $135,833,000. Wellington Management Group LLP boosted its holdings in KT by 392.0% in the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after purchasing an additional 7,901,522 shares in the last quarter. North of South Capital LLP boosted its holdings in KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after purchasing an additional 4,049,439 shares in the last quarter. Boston Partners increased its position in KT by 215.6% during the fourth quarter. Boston Partners now owns 1,247,881 shares of the technology company’s stock worth $19,380,000 after buying an additional 852,539 shares during the last quarter. Finally, Beck Bode LLC bought a new position in KT during the fourth quarter valued at about $12,974,000. Institutional investors own 18.86% of the company’s stock.

KT Stock Down 2.0%

KT stock opened at $19.76 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.04. KT Corporation has a fifty-two week low of $13.11 and a fifty-two week high of $20.46. The firm has a fifty day moving average price of $19.04 and a two-hundred day moving average price of $17.71. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 0.16 and a beta of 0.66.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group assumed coverage on KT in a research note 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 report on Tuesday, May 20th. Finally, The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a 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.