New York State Common Retirement Fund purchased a new stake in shares of KT Corporation (NYSE:KT) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 343,892 shares of the technology company’s stock, valued at approximately $5,722,000. New York State Common Retirement Fund owned approximately 0.07% of KT Corporation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Standard Life Investments LTD grew its position in shares of KT Corporation by 26.9% during the 2nd quarter. Standard Life Investments LTD now owns 7,241,821 shares of the technology company’s stock valued at $120,612,000 after purchasing an additional 1,533,615 shares in the last quarter. NorthCoast Asset Management LLC grew its position in shares of KT Corporation by 2.5% during the 2nd quarter. NorthCoast Asset Management LLC now owns 175,111 shares of the technology company’s stock valued at $2,914,000 after purchasing an additional 4,287 shares in the last quarter. Parallel Advisors LLC grew its position in shares of KT Corporation by 19.6% during the 2nd quarter. Parallel Advisors LLC now owns 9,075 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,489 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of KT Corporation by 2.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,378 shares of the technology company’s stock valued at $173,000 after purchasing an additional 213 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its position in shares of KT Corporation by 0.3% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 468,538 shares of the technology company’s stock valued at $7,796,000 after purchasing an additional 1,625 shares in the last quarter. Hedge funds and other institutional investors own 24.11% of the company’s stock.

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KT has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of KT Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Nomura upgraded shares of KT Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of KT Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, August 1st.

KT Corporation (NYSE KT) opened at 14.57 on Friday. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 11.33 and a beta of 0.43. KT Corporation has a 52-week low of $13.43 and a 52-week high of $18.82. The stock’s 50 day moving average is $14.73 and its 200-day moving average is $16.21.

About KT Corporation

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.

Institutional Ownership by Quarter for KT Corporation (NYSE:KT)

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