Atlas Capital Advisors LLC Sells 2,935 Shares of KT Co. (NYSE:KT)

Atlas Capital Advisors LLC cut its stake in KT Co. (NYSE:KT) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,586 shares of the technology company’s stock after selling 2,935 shares during the period. Atlas Capital Advisors LLC’s holdings in KT were worth $391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in KT in the fourth quarter worth $28,000. Glassman Wealth Services boosted its holdings in KT by 63.5% in the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after acquiring an additional 911 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in KT by 1,292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,831 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of KT by 152.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock valued at $41,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of KT by 1,227.4% during the fourth quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,823 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on KT shares. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 23rd. The Goldman Sachs Group cut KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th.

KT Price Performance

KT stock remained flat at $14.65 during trading on Friday. 624,336 shares of the company’s stock were exchanged, compared to its average volume of 748,762. KT Co. has a twelve month low of $11.73 and a twelve month high of $15.35. The stock has a 50 day moving average price of $13.90 and a 200 day moving average price of $13.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.00. The stock has a market cap of $7.55 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91.

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.