EAM Global Investors LLC Acquires Shares of 111,379 KT Co. (NYSE:KT)

EAM Global Investors LLC bought a new position in shares of KT Co. (NYSE:KT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 111,379 shares of the technology company’s stock, valued at approximately $1,729,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mariner LLC grew its stake in KT by 7.4% in the fourth quarter. Mariner LLC now owns 84,468 shares of the technology company’s stock worth $1,311,000 after purchasing an additional 5,809 shares in the last quarter. Barclays PLC purchased a new stake in shares of KT in the 4th quarter worth $931,000. Townsquare Capital LLC lifted its holdings in shares of KT by 232.2% in the 4th quarter. Townsquare Capital LLC now owns 47,262 shares of the technology company’s stock worth $734,000 after buying an additional 33,037 shares during the period. Qtron Investments LLC grew its position in shares of KT by 5.1% during the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company’s stock worth $210,000 after buying an additional 652 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of KT by 28.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,697,187 shares of the technology company’s stock valued at $26,340,000 after buying an additional 376,194 shares during the period. Institutional investors own 18.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

KT Trading Up 1.2 %

KT opened at $17.44 on Wednesday. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.74. The stock has a fifty day moving average price of $17.50 and a 200-day moving average price of $16.62. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.37 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

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.