QRG Capital Management Inc. Increases Position in KT Co. (NYSE:KT)

QRG Capital Management Inc. increased its stake in shares of KT Co. (NYSE:KT) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,826 shares of the technology company’s stock after buying an additional 18,398 shares during the quarter. QRG Capital Management Inc.’s holdings in KT were worth $1,099,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of KT by 29.8% in the 4th quarter. Bank of New York Mellon Corp now owns 18,181 shares of the technology company’s stock worth $282,000 after acquiring an additional 4,173 shares during the period. North of South Capital LLP lifted its position in KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock valued at $65,458,000 after purchasing an additional 4,049,439 shares during the period. Alberta Investment Management Corp purchased a new stake in KT in the 4th quarter valued at approximately $11,986,000. Global Retirement Partners LLC boosted its holdings in KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after purchasing an additional 2,667 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in KT during the 4th quarter worth approximately $181,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Stock Performance

NYSE:KT opened at $17.14 on Tuesday. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45. The company has a market capitalization of $8.84 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $16.75 and a two-hundred day moving average price of $16.06.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KT. UBS Group started coverage on KT in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a report on Monday. Finally, StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.