Nations Financial Group Inc. IA ADV Sells 32,484 Shares of KT Corporation $KT

Nations Financial Group Inc. IA ADV reduced its stake in KT Corporation (NYSE:KT) by 17.0% during the third quarter, HoldingsChannel.com reports. The fund owned 158,516 shares of the technology company’s stock after selling 32,484 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in KT were worth $3,091,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KT. First Horizon Advisors Inc. increased its holdings in shares of KT by 506.3% in the second quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company’s stock worth $52,000 after purchasing an additional 2,091 shares during the last quarter. Farther Finance Advisors LLC increased its stake in KT by 267.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,358 shares of the technology company’s stock worth $174,000 after acquiring an additional 6,083 shares during the last quarter. Euro Pacific Asset Management LLC purchased a new stake in shares of KT during the 2nd quarter worth approximately $201,000. GAMMA Investing LLC raised its holdings in shares of KT by 28.8% during the 2nd quarter. GAMMA Investing LLC now owns 10,069 shares of the technology company’s stock worth $209,000 after acquiring an additional 2,249 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of KT by 8.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 10,768 shares of the technology company’s stock valued at $224,000 after acquiring an additional 798 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of KT in a research report on Monday, December 29th. Wall Street Zen cut shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Finally, Zacks Research raised shares of KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

KT Stock Performance

Shares of NYSE:KT opened at $19.48 on Friday. The business has a 50 day simple moving average of $18.62 and a two-hundred day simple moving average of $19.47. KT Corporation has a 1 year low of $16.25 and a 1 year high of $21.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.