Kiltearn Partners LLP Sells 716,800 Shares of KT Co. (NYSE:KT)

Kiltearn Partners LLP cut its holdings in shares of KT Co. (NYSE:KT) by 68.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,710 shares of the technology company’s stock after selling 716,800 shares during the quarter. Kiltearn Partners LLP owned approximately 0.06% of KT worth $5,117,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. bought a new stake in KT during the third quarter worth $691,000. Natixis Advisors LLC raised its stake in KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after buying an additional 136,021 shares during the period. Caprock Group LLC lifted its position in shares of KT by 216.2% in the second quarter. Caprock Group LLC now owns 72,823 shares of the technology company’s stock valued at $1,009,000 after buying an additional 49,793 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after acquiring an additional 1,101,669 shares during the period. Finally, Raymond James & Associates lifted its holdings in KT by 5.6% during the 2nd quarter. Raymond James & Associates now owns 333,652 shares of the technology company’s stock valued at $4,561,000 after purchasing an additional 17,782 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KT. New Street Research raised KT to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

KT Trading Up 2.7 %

Shares of KT stock opened at $17.42 on Wednesday. KT Co. has a 1-year low of $12.10 and a 1-year high of $17.42. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.24 and a beta of 0.90. The stock has a 50-day moving average of $15.57 and a 200-day moving average of $14.51.

KT (NYSE:KT) last issued its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The firm had revenue of $4.77 billion during the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. On average, equities research analysts forecast that KT Co. will post 0.85 earnings per share for the current 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.