Grantham Mayo Van Otterloo & Co. LLC Reduces Stock Position in KT Co. (NYSE:KT)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in KT Co. (NYSE:KT) by 44.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,755 shares of the technology company’s stock after selling 14,139 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in KT were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. R Squared Ltd bought a new stake in KT in the 4th quarter worth approximately $36,000. Principal Securities Inc. grew its holdings in shares of KT by 70.6% in the fourth 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 increased its position in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after acquiring an additional 2,902 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in KT by 58.2% in the fourth 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. Finally, TD Private Client Wealth LLC boosted its position 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 worth $124,000 after purchasing an additional 2,181 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group initiated coverage on shares of KT in a research report on Wednesday, February 19th. They set a “buy” rating for the company. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.

KT Stock Down 1.8 %

NYSE KT opened at $16.77 on Wednesday. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.74. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $8.65 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83. The stock’s 50-day moving average price is $17.50 and its 200-day moving average price is $16.55.

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.