Nations Financial Group Inc. IA ADV Decreases Stock Holdings in KT Corporation $KT

Nations Financial Group Inc. IA ADV lessened its stake in shares of KT Corporation (NYSE:KT) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,516 shares of the technology company’s stock after selling 32,484 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in KT were worth $3,091,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KT. Lazard Asset Management LLC lifted its position in KT by 1.2% during the second quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock valued at $67,545,000 after purchasing an additional 37,744 shares during the period. Millennium Management LLC grew its position in KT by 4,148.2% in the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock worth $9,401,000 after purchasing an additional 518,322 shares during the period. Jane Street Group LLC raised its stake in KT by 107.9% during the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock valued at $4,290,000 after buying an additional 125,702 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of KT by 1.1% during the 1st quarter. Royal Bank of Canada now owns 102,808 shares of the technology company’s stock valued at $1,820,000 after buying an additional 1,078 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of KT by 306.5% in the 2nd quarter. SG Americas Securities LLC now owns 76,592 shares of the technology company’s stock worth $1,592,000 after buying an additional 57,749 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on KT. Wall Street Zen cut KT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Zacks Research upgraded shares of KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of KT in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

KT Trading Up 1.0%

KT opened at $19.48 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24. The firm’s fifty day moving average is $18.62 and its 200 day moving average is $19.47. KT Corporation has a fifty-two week low of $16.25 and a fifty-two week high of $21.61.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.