Alliancebernstein L.P. trimmed its position in shares of KT Corp (NYSE:KT) by 49.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 872,935 shares of the technology company’s stock after selling 842,364 shares during the quarter. Alliancebernstein L.P. owned about 0.18% of KT worth $13,627,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KT. Edgbaston Investment Partners LLP acquired a new position in shares of KT during the fourth quarter valued at about $58,166,000. Landscape Capital Management L.L.C. acquired a new position in shares of KT during the fourth quarter valued at about $218,000. Kopernik Global Investors LLC increased its holdings in shares of KT by 51.8% during the fourth quarter. Kopernik Global Investors LLC now owns 2,359,078 shares of the technology company’s stock valued at $36,825,000 after acquiring an additional 805,349 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of KT by 27.3% during the fourth quarter. Citadel Advisors LLC now owns 25,704 shares of the technology company’s stock valued at $401,000 after acquiring an additional 5,516 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in shares of KT by 12.7% during the fourth quarter. Wetherby Asset Management Inc. now owns 58,478 shares of the technology company’s stock valued at $913,000 after acquiring an additional 6,569 shares in the last quarter. 26.58% of the stock is owned by institutional investors and hedge funds.

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KT Corp (NYSE KT) opened at $13.14 on Friday. KT Corp has a fifty-two week low of $12.70 and a fifty-two week high of $18.82. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.

KT has been the topic of several recent analyst reports. TheStreet downgraded shares of KT from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. CLSA downgraded shares of KT from an “outperform” rating to an “underperform” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of KT from a “hold” rating to a “sell” rating in a report on Wednesday. Nomura downgraded shares of KT from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley downgraded shares of KT from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.00.

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KT Company Profile

KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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