Wellington Management Group LLP Buys 7,901,522 Shares of KT Co. (NYSE:KT)

Wellington Management Group LLP lifted its stake in shares of KT Co. (NYSE:KT) by 392.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,917,081 shares of the technology company’s stock after buying an additional 7,901,522 shares during the period. Wellington Management Group LLP’s holdings in KT were worth $153,913,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KT. R Squared Ltd acquired a new stake in KT during the fourth quarter worth about $36,000. Principal Securities Inc. lifted its holdings in shares of KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,544 shares during the period. GAMMA Investing LLC boosted its position in shares of KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after acquiring an additional 2,902 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock valued at $124,000 after acquiring an additional 2,181 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

KT Stock Performance

NYSE KT opened at $17.33 on Thursday. The firm’s fifty day moving average price is $17.55 and its two-hundred day moving average price is $16.50. The stock has a market cap of $8.94 billion, a PE ratio of 9.74, a PEG ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.74.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KT shares. UBS Group started coverage on KT in a research note on Wednesday, February 19th. They set a “buy” rating for the company. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.

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.