EntryPoint Capital LLC Acquires 3,290 Shares of KT Co. (NYSE:KT)

EntryPoint Capital LLC increased its holdings in shares of KT Co. (NYSE:KT) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,660 shares of the technology company’s stock after acquiring an additional 3,290 shares during the period. EntryPoint Capital LLC’s holdings in KT were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd purchased a new position in shares of KT during the fourth quarter valued at approximately $36,000. Principal Securities Inc. raised its stake in KT by 70.6% during 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 during the last quarter. GAMMA Investing LLC boosted its holdings in KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after acquiring an additional 2,902 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,667 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of KT by 37.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock valued at $124,000 after acquiring an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Trading Down 1.2 %

Shares of NYSE:KT opened at $17.64 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT Co. has a 1 year low of $12.10 and a 1 year high of $18.74. The company has a market cap of $9.09 billion, a P/E ratio of 9.91, a PEG ratio of 0.37 and a beta of 0.95. The stock’s fifty day moving average price is $17.49 and its 200-day moving average price is $16.43.

Wall Street Analysts Forecast Growth

A number of equities analysts 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 note on Monday, March 3rd. UBS Group assumed coverage on shares of KT in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th.

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.