Parametric Portfolio Associates LLC Lowers Stock Position in KT Corp (NYSE:KT)

Parametric Portfolio Associates LLC lowered its position in KT Corp (NYSE:KT) by 0.6% in the third quarter, HoldingsChannel reports. The fund owned 2,595,294 shares of the technology company’s stock after selling 16,140 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in KT were worth $29,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Silchester International Investors LLP grew its position in shares of KT by 14.3% during the 3rd quarter. Silchester International Investors LLP now owns 27,177,519 shares of the technology company’s stock valued at $307,378,000 after acquiring an additional 3,393,246 shares during the period. Acadian Asset Management LLC grew its holdings in KT by 15.4% in the second quarter. Acadian Asset Management LLC now owns 9,863,079 shares of the technology company’s stock valued at $122,007,000 after purchasing an additional 1,319,485 shares during the period. Wells Fargo & Company MN grew its holdings in KT by 2.9% in the second quarter. Wells Fargo & Company MN now owns 9,171,205 shares of the technology company’s stock valued at $113,448,000 after purchasing an additional 261,354 shares during the period. Kiltearn Partners LLP grew its holdings in KT by 0.8% in the second quarter. Kiltearn Partners LLP now owns 7,699,398 shares of the technology company’s stock valued at $95,242,000 after purchasing an additional 64,173 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of KT by 41.4% in the third quarter. Russell Investments Group Ltd. now owns 6,681,892 shares of the technology company’s stock valued at $75,632,000 after buying an additional 1,955,614 shares in the last quarter. Institutional investors and hedge funds own 32.93% of the company’s stock.

Shares of KT stock opened at $11.22 on Wednesday. The firm has a market capitalization of $5.51 billion, a PE ratio of 8.77, a P/E/G ratio of 0.82 and a beta of 0.40. KT Corp has a twelve month low of $10.86 and a twelve month high of $15.42. The firm’s 50-day moving average price is $11.44 and its 200 day moving average price is $11.62. The company has a current ratio of 1.17, a quick ratio of 1.11 and a debt-to-equity ratio of 0.36.

KT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded KT from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, November 13th. Macquarie lowered shares of KT from an “outperform” rating to a “neutral” rating in a report on Monday, October 7th. ValuEngine upgraded shares of KT from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, New Street Research raised shares of KT from a “neutral” rating to a “buy” rating and set a $14.10 price objective on the stock in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $13.55.

KT Company Profile

KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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