Atlas Capital Advisors LLC lessened its position in shares of KT Corp (NYSE:KT) by 58.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,823 shares of the technology company’s stock after selling 6,730 shares during the period. Atlas Capital Advisors LLC’s holdings in KT were worth $55,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of KT by 41.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,681,892 shares of the technology company’s stock worth $75,632,000 after buying an additional 1,955,614 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of KT by 5.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 758,041 shares of the technology company’s stock worth $8,573,000 after buying an additional 41,840 shares during the last quarter. Silchester International Investors LLP raised its stake in shares of KT by 14.3% during the 3rd quarter. Silchester International Investors LLP now owns 27,177,519 shares of the technology company’s stock worth $307,378,000 after buying an additional 3,393,246 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of KT by 26.1% during the 2nd quarter. Verition Fund Management LLC now owns 36,399 shares of the technology company’s stock worth $450,000 after buying an additional 7,543 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of KT by 42.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,835 shares of the technology company’s stock worth $85,000 after buying an additional 2,048 shares during the last quarter. 34.48% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised KT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine raised KT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Macquarie downgraded KT from an “outperform” rating to a “neutral” rating in a research note on Monday, October 7th. Finally, New Street Research raised KT from a “neutral” rating to a “buy” rating and set a $14.10 price target for the company in a research note on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.55.

Shares of KT stock opened at $11.73 on Friday. The firm has a 50-day moving average price of $11.34 and a 200 day moving average price of $11.69. KT Corp has a twelve month low of $10.86 and a twelve month high of $15.42. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.88 and a beta of 0.39. The company has a current ratio of 1.19, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

About KT

KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.

Recommended Story: What are Closed-End Mutual Funds?

Want to see what other hedge funds are holding KT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KT Corp (NYSE:KT).

Institutional Ownership by Quarter for KT (NYSE:KT)

Receive News & Ratings for KT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KT and related companies with MarketBeat.com's FREE daily email newsletter.