KT Corporation $KT Stock: Robeco Institutional Asset Management B.V. Decreases Stake

Robeco Institutional Asset Management B.V. cut its stake in KT Corporation (NYSE:KT) by 11.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,154,671 shares of the technology company’s stock after selling 651,187 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in KT were worth $97,681,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in KT by 21.8% in the third quarter. Vontobel Holding Ltd. now owns 96,783 shares of the technology company’s stock worth $1,834,000 after purchasing an additional 17,338 shares in the last quarter. GAMMA Investing LLC boosted its holdings in KT by 7.8% in the third quarter. GAMMA Investing LLC now owns 22,052 shares of the technology company’s stock worth $418,000 after acquiring an additional 1,604 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of KT in the second quarter worth $185,000. Engineers Gate Manager LP purchased a new stake in shares of KT in the second quarter worth $178,000. Finally, Allworth Financial LP grew its stake in shares of KT by 17.6% in the second quarter. Allworth Financial LP now owns 4,867 shares of the technology company’s stock worth $84,000 after acquiring an additional 727 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research upgraded KT from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of KT from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.08.

KT Price Performance

Shares of KT opened at $18.04 on Thursday. KT Corporation has a twelve month low of $17.13 and a twelve month high of $24.58. The company has a market capitalization of $8.70 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 4.58 and a beta of 0.56. The firm has a 50 day moving average of $19.17 and a 200 day moving average of $19.21. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.35.

KT (NYSE:KT) last released its quarterly earnings data on Wednesday, September 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $4.45 billion for the quarter. KT had a return on equity of 6.45% and a net margin of 4.72%. As a group, equities research analysts anticipate that KT Corporation will post 2.06 earnings per share for the current fiscal year.

KT Profile

KT Corporation is a South Korean telecommunications and technology company headquartered in Seoul. Formerly known as Korea Telecom, the company traces its origins to 1981 and was fully privatized in 2002. Its American depositary shares trade on the New York Stock Exchange under the symbol KT.

KT provides fixed-line and wireless telecommunications services, including mobile voice and data, broadband internet, and internet protocol television. The company also offers digital services such as cloud computing, data center operations, information and communications technology solutions, and enterprise networking for businesses and public-sector organizations.

KT primarily serves customers in South Korea while supporting international business clients through its global telecommunications and technology networks.