KT Corporation $KT Position Increased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. grew its position in KT Corporation (NYSE:KT) by 8.8% in the third quarter, HoldingsChannel.com reports. The fund owned 2,254,940 shares of the technology company’s stock after buying an additional 182,900 shares during the period. KT comprises about 4.1% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 3rd biggest holding. Nan Fung Trinity HK Ltd.’s holdings in KT were worth $42,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KT. Pzena Investment Management LLC raised its holdings in shares of KT by 4.4% in the 3rd quarter. Pzena Investment Management LLC now owns 7,605,620 shares of the technology company’s stock valued at $144,126,000 after purchasing an additional 319,120 shares during the period. Mondrian Investment Partners LTD lifted its stake in KT by 7.3% in the 3rd quarter. Mondrian Investment Partners LTD now owns 2,620,126 shares of the technology company’s stock valued at $49,651,000 after purchasing an additional 177,892 shares during the last quarter. Niatross Investments Ltd lifted its stake in KT by 18.8% in the 2nd quarter. Niatross Investments Ltd now owns 11,006,064 shares of the technology company’s stock valued at $190,185,000 after purchasing an additional 1,744,003 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in KT in the 2nd quarter valued at about $3,950,000. Finally, Wellington Management Group LLP grew its holdings in KT by 17.6% during the second quarter. Wellington Management Group LLP now owns 26,973,001 shares of the technology company’s stock worth $466,093,000 after purchasing an additional 4,028,281 shares during the period. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Trading Up 0.9%

Shares of KT stock opened at $18.82 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.08. The business has a fifty day simple moving average of $18.73 and a two-hundred day simple moving average of $19.82. KT Corporation has a 1 year low of $16.59 and a 1 year high of $24.58. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 4.44 and a beta of 0.62.

KT (NYSE:KT) last released its quarterly earnings data on Wednesday, September 2nd. The technology company reported $0.61 EPS for the quarter. KT had a net margin of 4.72% and a return on equity of 6.45%. The firm had revenue of $4.45 billion for the quarter. Research analysts forecast that KT Corporation will post 2.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings downgraded KT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Zacks Research raised KT from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $23.08.

KT Company Profile

KT Corporation, formerly known as Korea Telecom, is a South Korean telecommunications and technology company. Established as a state-owned telecommunications provider in 1981, it was privatized in 2002 and adopted the KT name. The company provides fixed-line and mobile communications, high-speed internet and broadband, and IPTV services. It also serves businesses and public-sector organizations with information and communications technology solutions, including cloud, data center and network services.