KT Co. (NYSE:KT) Position Cut by Todd Asset Management LLC

Todd Asset Management LLC decreased its stake in shares of KT Co. (NYSE:KT) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,400 shares of the technology company’s stock after selling 17,700 shares during the period. Todd Asset Management LLC’s holdings in KT were worth $3,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KT. Simplicity Solutions LLC lifted its stake in KT by 7.4% during the third quarter. Simplicity Solutions LLC now owns 18,355 shares of the technology company’s stock valued at $235,000 after purchasing an additional 1,264 shares during the last quarter. Commonwealth Equity Services LLC grew its position in KT by 9.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,698 shares of the technology company’s stock worth $240,000 after purchasing an additional 1,652 shares in the last quarter. Bank of New York Mellon Corp raised its stake in KT by 36.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 18,807 shares of the technology company’s stock valued at $241,000 after purchasing an additional 5,000 shares during the period. Advisor Partners II LLC lifted its holdings in shares of KT by 112.9% in the third quarter. Advisor Partners II LLC now owns 32,218 shares of the technology company’s stock valued at $413,000 after purchasing an additional 17,082 shares in the last quarter. Finally, BSW Wealth Partners acquired a new stake in shares of KT in the third quarter worth $171,000. 18.86% of the stock is currently owned by institutional investors.

KT Stock Up 0.8 %

KT stock traded up $0.10 during trading hours on Friday, hitting $12.84. The company had a trading volume of 319,488 shares, compared to its average volume of 852,511. KT Co. has a fifty-two week low of $11.04 and a fifty-two week high of $15.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 1.03. The firm has a market capitalization of $6.62 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 1.40 and a beta of 0.86. The firm’s fifty day moving average is $13.57 and its 200-day moving average is $13.30.

KT (NYSE:KT) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $5.08 billion during the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. On average, research analysts forecast that KT Co. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th.

KT Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.