ETRADE Capital Management LLC Acquires New Stake in KT Co. (NYSE:KT)

ETRADE Capital Management LLC acquired a new position in KT Co. (NYSE:KT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,153 shares of the technology company’s stock, valued at approximately $190,000.

A number of other hedge funds have also modified their holdings of the stock. Edgbaston Investment Partners LLP bought a new position in KT in the 4th quarter worth approximately $58,166,000. Landscape Capital Management L.L.C. bought a new position in KT in the 4th quarter worth approximately $218,000. Kopernik Global Investors LLC grew its holdings in KT by 51.8% in the 4th quarter. Kopernik Global Investors LLC now owns 2,359,078 shares of the technology company’s stock worth $36,825,000 after buying an additional 805,349 shares in the last quarter. Citadel Advisors LLC grew its holdings in KT by 27.3% in the 4th quarter. Citadel Advisors LLC now owns 25,704 shares of the technology company’s stock worth $401,000 after buying an additional 5,516 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in KT by 12.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 58,478 shares of the technology company’s stock worth $913,000 after buying an additional 6,569 shares in the last quarter. 26.58% of the stock is owned by institutional investors and hedge funds.

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KT has been the subject of a number of research analyst reports. Zacks Investment Research downgraded KT from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Morgan Stanley downgraded KT from an “equal weight” rating to an “underweight” rating in a research report on Thursday, January 11th. Credit Suisse Group downgraded KT from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 6th. TheStreet downgraded KT from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, CLSA downgraded KT from an “outperform” rating to an “underperform” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.00.

KT traded down $0.08 during trading on Friday, reaching $13.88. The stock had a trading volume of 858,535 shares, compared to its average volume of 820,409. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.01. KT Co. has a 1-year low of $12.70 and a 1-year high of $18.82.

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About KT

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

Institutional Ownership by Quarter for KT (NYSE:KT)

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