Quadrant Capital Group LLC increased its stake in KT Corp (NYSE:KT) by 87.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,225 shares of the technology company’s stock after purchasing an additional 19,220 shares during the quarter. Quadrant Capital Group LLC’s holdings in KT were worth $511,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC raised its position in shares of KT by 52.4% during the 4th quarter. Barclays PLC now owns 139,610 shares of the technology company’s stock valued at $1,985,000 after purchasing an additional 48,012 shares during the period. BlackRock Inc. increased its holdings in KT by 6.7% in the 4th quarter. BlackRock Inc. now owns 5,259,544 shares of the technology company’s stock valued at $74,790,000 after acquiring an additional 330,545 shares during the last quarter. Diversified Trust Co bought a new stake in KT in the 4th quarter valued at $284,000. Centre Asset Management LLC bought a new stake in KT in the 4th quarter valued at $251,000. Finally, Vanguard Group Inc increased its holdings in KT by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 115,472 shares of the technology company’s stock valued at $1,715,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors own 33.92% of the company’s stock.
Shares of KT stock traded down $0.10 during trading hours on Wednesday, reaching $11.66. The company’s stock had a trading volume of 535,643 shares, compared to its average volume of 786,525. KT Corp has a one year low of $11.64 and a one year high of $15.42. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $5.84 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.88 and a beta of 0.40.
Separately, Zacks Investment Research downgraded shares of KT from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.00.
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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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