Janney Montgomery Scott LLC Has $724,000 Stock Holdings in KT Corporation $KT

Janney Montgomery Scott LLC boosted its stake in shares of KT Corporation (NYSE:KT) by 18.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,857 shares of the technology company’s stock after buying an additional 5,352 shares during the period. Janney Montgomery Scott LLC’s holdings in KT were worth $724,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KT. Park Place Capital Corp raised its holdings in KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock worth $36,000 after buying an additional 819 shares during the period. Farther Finance Advisors LLC raised its holdings in KT by 174.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock worth $40,000 after buying an additional 1,447 shares during the period. Bruce G. Allen Investments LLC raised its holdings in KT by 21.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 2,890 shares of the technology company’s stock worth $60,000 after buying an additional 519 shares during the period. Brooklyn Investment Group raised its holdings in KT by 1,901.0% during the 1st quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company’s stock worth $73,000 after buying an additional 3,916 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in KT during the 1st quarter worth approximately $77,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Trading Up 1.6%

KT stock opened at $18.49 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.15. The company has a fifty day moving average price of $19.87 and a two-hundred day moving average price of $19.61. KT Corporation has a one year low of $14.79 and a one year high of $21.61. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.13 and a beta of 0.70.

KT (NYSE:KT) last released its quarterly earnings data on Friday, September 5th. The technology company reported $1.01 EPS for the quarter. KT had a net margin of 3.35% and a return on equity of 5.06%. The firm had revenue of $5.31 billion during the quarter. Equities analysts anticipate that KT Corporation will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

KT has been the subject of several research reports. Wall Street Zen cut shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KT in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of KT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, KT presently has a consensus rating of “Moderate Buy”.

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.