Two Sigma Investments LP Increases Stake in KT Co. (NYSE:KT)

Two Sigma Investments LP grew its position in shares of KT Co. (NYSE:KT) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 898,442 shares of the technology company’s stock after buying an additional 224,541 shares during the quarter. Two Sigma Investments LP’s holdings in KT were worth $13,944,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KT. Capital International Investors acquired a new position in KT during the 4th quarter worth approximately $135,833,000. Wellington Management Group LLP increased its position in KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after purchasing an additional 7,901,522 shares during the period. North of South Capital LLP increased its position in KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after purchasing an additional 4,049,439 shares during the period. Ninety One UK Ltd acquired a new position in KT during the 4th quarter worth approximately $59,145,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock worth $72,507,000 after purchasing an additional 1,063,736 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group assumed coverage on shares of KT in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, Wall Street Zen downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

KT Trading Up 0.9%

Shares of KT stock opened at $19.28 on Friday. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.28. The stock has a market cap of $9.94 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.37 and a beta of 0.68. The business has a fifty day simple moving average of $18.37 and a 200-day simple moving average of $17.29. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

KT 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.