KT Corp (KT) Position Increased by Boston Partners

Boston Partners increased its position in shares of KT Corp (NYSE:KT) by 703.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,172,454 shares of the technology company’s stock after buying an additional 1,026,530 shares during the period. Boston Partners’ holdings in KT were worth $18,302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ANTIPODES PARTNERS Ltd raised its position in KT by 59.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 8,823,114 shares of the technology company’s stock worth $137,729,000 after acquiring an additional 3,288,569 shares during the period. Parametric Portfolio Associates LLC raised its position in KT by 17.7% during the third quarter. Parametric Portfolio Associates LLC now owns 2,013,602 shares of the technology company’s stock worth $27,929,000 after acquiring an additional 302,870 shares during the period. SG Americas Securities LLC acquired a new position in KT during the third quarter worth $26,475,000. Rockefeller Financial Services Inc. raised its position in KT by 3.4% during the third quarter. Rockefeller Financial Services Inc. now owns 1,717,016 shares of the technology company’s stock worth $23,815,000 after acquiring an additional 55,717 shares during the period. Finally, Russell Investments Group Ltd. raised its position in KT by 6.6% during the third quarter. Russell Investments Group Ltd. now owns 1,503,468 shares of the technology company’s stock worth $20,854,000 after acquiring an additional 93,388 shares during the period. 23.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Nomura cut shares of KT from a “buy” rating to a “neutral” rating in a research report on Tuesday. Zacks Investment Research cut shares of KT from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet cut shares of KT from a “b-” rating to a “c” rating in a research report on Tuesday. CLSA cut shares of KT from an “outperform” rating to an “underperform” rating in a research report on Wednesday, January 24th. Finally, Credit Suisse Group cut shares of KT from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. KT currently has an average rating of “Hold” and an average price target of $18.00.

Shares of KT Corp (NYSE KT) opened at $13.33 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.06. KT Corp has a 12-month low of $13.33 and a 12-month high of $18.82.

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KT Company Profile

KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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