Bank of Montreal Can increased its position in KT Corp (NYSE:KT) by 41,967.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,307 shares of the technology company’s stock after purchasing an additional 128,002 shares during the quarter. Bank of Montreal Can’s holdings in KT were worth $1,905,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Marathon Asset Management LLP lifted its holdings in KT by 51.5% during the second quarter. Marathon Asset Management LLP now owns 3,766,667 shares of the technology company’s stock worth $50,021,000 after buying an additional 1,280,208 shares during the period. Maple Brown Abbott Ltd purchased a new stake in KT during the second quarter worth $13,284,000. Bank of America Corp DE lifted its holdings in KT by 35.0% during the second quarter. Bank of America Corp DE now owns 841,845 shares of the technology company’s stock worth $11,179,000 after buying an additional 218,155 shares during the period. Stevens Capital Management LP purchased a new stake in KT during the second quarter worth $2,294,000. Finally, Mittleman Brothers LLC lifted its holdings in shares of KT by 10.6% during the 2nd quarter. Mittleman Brothers LLC now owns 1,587,643 shares of the technology company’s stock valued at $21,084,000 after purchasing an additional 152,222 shares during the last quarter. 29.83% of the stock is currently owned by institutional investors.
Shares of KT opened at $14.16 on Friday. KT Corp has a 12 month low of $12.55 and a 12 month high of $16.12. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.33. The firm has a market cap of $6.97 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56.
KT has been the subject of several analyst reports. ValuEngine upgraded KT from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded KT from a “strong sell” rating to a “hold” rating in a report on Thursday, October 4th. HSBC lowered KT from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Finally, Morgan Stanley upgraded KT from an “underweight” rating to an “equal weight” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.00.
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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.
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