Allspring Global Investments Holdings LLC Has $119.77 Million Stock Holdings in KT Co. (NYSE:KT)

Allspring Global Investments Holdings LLC trimmed its position in KT Co. (NYSE:KT) by 15.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,667,699 shares of the technology company’s stock after selling 1,439,488 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KT were worth $119,769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of KT during the 4th quarter valued at $36,000. Venturi Wealth Management LLC increased its holdings in KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the last quarter. GAMMA Investing LLC lifted its stake in KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares during the period. MML Investors Services LLC bought a new position in KT during the third quarter worth about $160,000. Finally, Private Advisor Group LLC acquired a new position in shares of KT during the 3rd quarter worth about $164,000. 18.86% of the stock is owned by institutional investors.

KT Price Performance

Shares of KT stock opened at $16.78 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.04 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 firm has a fifty day moving average of $16.47 and a 200-day moving average of $15.74. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.35 and a beta of 0.95.

KT (NYSE:KT) last posted its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. On average, equities research analysts forecast that KT Co. will post 0.88 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

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.