JustInvest LLC Cuts Stake in KT Co. (NYSE:KT)

JustInvest LLC lowered its position in shares of KT Co. (NYSE:KT) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,493 shares of the technology company’s stock after selling 2,591 shares during the period. JustInvest LLC’s holdings in KT were worth $347,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KT. Price T Rowe Associates Inc. MD grew its stake in shares of KT by 1.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 7,891,795 shares of the technology company’s stock worth $110,091,000 after acquiring an additional 141,900 shares during the last quarter. Kopernik Global Investors LLC lifted its holdings in shares of KT by 1.0% during the second quarter. Kopernik Global Investors LLC now owns 6,899,205 shares of the technology company’s stock worth $96,244,000 after purchasing an additional 69,814 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of KT by 1.1% during the third quarter. Russell Investments Group Ltd. now owns 5,621,366 shares of the technology company’s stock worth $76,578,000 after purchasing an additional 60,436 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of KT by 18.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,334,300 shares of the technology company’s stock worth $18,613,000 after purchasing an additional 204,900 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of KT by 93.4% during the second quarter. Schonfeld Strategic Advisors LLC now owns 996,429 shares of the technology company’s stock worth $13,900,000 after purchasing an additional 481,157 shares during the period. Hedge funds and other institutional investors own 22.12% of the company’s stock.

Separately, Zacks Investment Research downgraded KT from a “buy” rating to a “hold” rating in a report on Wednesday, October 13th.

Shares of NYSE:KT opened at $13.24 on Friday. KT Co. has a 12-month low of $10.41 and a 12-month high of $15.35. The company has a market capitalization of $6.49 billion, a PE ratio of 6.93 and a beta of 0.82. The business has a 50 day moving average of $13.01 and a two-hundred day moving average of $13.62. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42.

KT (NYSE:KT) last announced its quarterly earnings results on Monday, November 29th. The technology company reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $5.37 billion during the quarter. KT had a return on equity of 6.60% and a net margin of 4.17%.

About KT

KT Corp. engages in the provision of integrated telecommunication services. The company operates through the Customer and Marketing businesses. Its services include wire and wireless phones, internet, and other communication. The company was founded on December 20, 1981 and is headquartered in Seongnam-si, South Korea.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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