KT Co. (NYSE:KT) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its stake in KT Co. (NYSE:KT) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,689 shares of the technology company’s stock after selling 1,372 shares during the period. Schechter Investment Advisors LLC’s holdings in KT were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KT. US Bancorp DE boosted its holdings in shares of KT by 5.2% in the fourth quarter. US Bancorp DE now owns 284,354 shares of the technology company’s stock valued at $4,413,000 after acquiring an additional 13,992 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of KT by 35.1% during the 4th quarter. QRG Capital Management Inc. now owns 70,826 shares of the technology company’s stock worth $1,099,000 after buying an additional 18,398 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of KT by 29.8% in the 4th quarter. Bank of New York Mellon Corp now owns 18,181 shares of the technology company’s stock valued at $282,000 after buying an additional 4,173 shares during the period. North of South Capital LLP boosted its stake in shares of KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock valued at $65,458,000 after buying an additional 4,049,439 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new position in KT in the fourth quarter worth $11,986,000. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Price Performance

Shares of NYSE KT opened at $17.95 on Thursday. 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 $9.25 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.37 and a beta of 0.95. The company’s 50-day moving average price is $16.81 and its 200 day moving average price is $16.09. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research note on Monday. UBS Group began coverage on KT in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Finally, StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

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.