Lazard Asset Management LLC Has $49.86 Million Stock Holdings in KT Co. (NYSE:KT)

Lazard Asset Management LLC grew its stake in KT Co. (NYSE:KT) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,556,193 shares of the technology company’s stock after buying an additional 84,760 shares during the period. Lazard Asset Management LLC owned 0.69% of KT worth $49,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KT. O Shaughnessy Asset Management LLC increased its stake in shares of KT by 55.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock valued at $5,247,000 after buying an additional 133,570 shares during the period. Acadian Asset Management LLC grew its stake 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 purchasing an additional 125,413 shares during the period. LSV Asset Management acquired a new stake in KT during the fourth quarter worth approximately $1,206,000. Silchester International Investors LLP grew its stake in KT by 0.3% during the fourth quarter. Silchester International Investors LLP now owns 26,168,715 shares of the technology company’s stock worth $351,708,000 after purchasing an additional 78,600 shares during the period. Finally, Capstone Investment Advisors LLC grew its stake in KT by 225.4% during the fourth quarter. Capstone Investment Advisors LLC now owns 106,010 shares of the technology company’s stock worth $1,425,000 after purchasing an additional 73,433 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Stock Up 1.8 %

KT stock traded up $0.25 during mid-day trading on Friday, reaching $14.10. The stock had a trading volume of 353,965 shares, compared to its average volume of 622,239. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.07. KT Co. has a fifty-two week low of $11.63 and a fifty-two week high of $15.35. The stock’s 50-day simple moving average is $13.44 and its 200-day simple moving average is $13.51. The firm has a market capitalization of $7.27 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KT shares. The Goldman Sachs Group cut KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th.

About KT

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.