KT Co. (NYSE:KT) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its holdings in shares of KT Co. (NYSE:KT) by 33.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 898,442 shares of the technology company’s stock after purchasing an additional 224,541 shares during the quarter. Two Sigma Investments LP owned about 0.17% of KT worth $13,944,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of KT by 392.0% during the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after buying an additional 7,901,522 shares in the last quarter. Capital International Investors acquired a new position in shares of KT during the fourth quarter worth about $135,833,000. Robeco Institutional Asset Management B.V. grew its position in shares of KT by 29.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock worth $72,507,000 after buying an additional 1,063,736 shares in the last quarter. North of South Capital LLP lifted its position in shares of KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after purchasing an additional 4,049,439 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new stake in shares of KT during the 4th quarter worth $59,145,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Stock Up 0.9%

KT stock opened at $19.28 on Friday. KT Co. has a twelve month low of $13.11 and a twelve month high of $20.28. The stock has a 50 day moving average of $18.37 and a two-hundred day moving average of $17.29. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.37 and a beta of 0.68.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered KT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, UBS Group began coverage on shares of KT in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock.

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.