Kiltearn Partners LLP Reduces Stock Holdings in KT Co. (NYSE:KT)

Kiltearn Partners LLP reduced its holdings in KT Co. (NYSE:KT) by 56.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,275,810 shares of the technology company’s stock after selling 1,670,500 shares during the period. KT comprises 1.6% of Kiltearn Partners LLP’s holdings, making the stock its 27th biggest position. Kiltearn Partners LLP’s holdings in KT were worth $17,606,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in KT by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock worth $141,061,000 after buying an additional 829,682 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in KT by 55.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock worth $5,247,000 after buying an additional 133,570 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in KT by 62.0% during the first quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock worth $4,592,000 after buying an additional 125,413 shares in the last quarter. LSV Asset Management purchased a new stake in KT during the fourth quarter worth $1,206,000. Finally, Lazard Asset Management LLC boosted its holdings in KT by 2.4% during the first quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock worth $49,857,000 after buying an additional 84,760 shares in the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on KT shares. The Goldman Sachs Group downgraded shares of KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th.

KT Price Performance

KT traded up $0.25 during midday trading on Friday, hitting $14.10. 353,965 shares of the company traded hands, compared to its average volume of 622,239. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 0.99 and a beta of 0.90. The business has a 50 day simple moving average of $13.44 and a two-hundred day simple moving average of $13.51. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. KT Co. has a 52-week low of $11.63 and a 52-week high of $15.35.

KT (NYSE:KT) last released its earnings results on Friday, May 24th. The technology company reported $0.57 EPS for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. The business had revenue of $5 billion during the quarter. On average, equities analysts forecast that KT Co. will post 1.79 earnings per share for the current fiscal year.

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.