Lingohr Asset Management GmbH Takes $1.57 Million Position in KT Co. (NYSE:KT)

Lingohr Asset Management GmbH bought a new position in shares of KT Co. (NYSE:KT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 100,451 shares of the technology company’s stock, valued at approximately $1,569,000. KT accounts for approximately 3.3% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in KT during the 4th quarter valued at $36,000. Principal Securities Inc. increased its stake in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares during the last quarter. Global Retirement Partners LLC lifted its position in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in KT in the 3rd quarter valued at about $160,000. 18.86% of the stock is owned by institutional investors.

KT Stock Up 0.1 %

Shares of NYSE:KT opened at $18.40 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.37 and a beta of 0.95. The company has a 50 day moving average of $17.28 and a 200-day moving average of $16.32. KT Co. has a one year low of $12.10 and a one year high of $18.74.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KT shares. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. UBS Group started coverage on KT in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th.

KT 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.