KT Corporation $KT Stock: Mondrian Investment Partners LTD Increases Holdings

Mondrian Investment Partners LTD increased its position in shares of KT Corporation (NYSE:KT) by 7.3% during the 3rd quarter, Holdings Channel reports. The fund owned 2,620,126 shares of the technology company’s stock after buying an additional 177,892 shares during the quarter. Mondrian Investment Partners LTD’s holdings in KT were worth $49,651,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in KT by 17.6% in the second quarter. Allworth Financial LP now owns 4,867 shares of the technology company’s stock valued at $84,000 after purchasing an additional 727 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of KT by 41.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,122 shares of the technology company’s stock valued at $196,000 after buying an additional 2,653 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in KT during the 2nd quarter worth $178,000. WINTON GROUP Ltd acquired a new stake in KT during the 2nd quarter worth $185,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in KT during the first quarter worth about $261,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KT. Zacks Research raised KT from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Weiss Ratings raised KT from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.08.

KT Stock Performance

Shares of KT opened at $17.28 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.13. KT Corporation has a twelve month low of $17.13 and a twelve month high of $24.58. The firm’s 50 day moving average price is $19.11 and its two-hundred day moving average price is $19.17. The firm has a market cap of $8.33 billion, a P/E ratio of 9.29, a PEG ratio of 4.23 and a beta of 0.56.

KT (NYSE:KT) last released its quarterly earnings results on Wednesday, September 2nd. The technology company reported $0.61 earnings per share for the quarter. KT had a net margin of 4.72% and a return on equity of 6.45%. The company had revenue of $4.45 billion during the quarter. On average, analysts forecast that KT Corporation will post 2.06 EPS for the current fiscal year.

KT Profile

KT Corporation is a South Korean telecommunications and technology company headquartered in Seoul. Formerly known as Korea Telecom, the company traces its origins to 1981 and was fully privatized in 2002. Its American depositary shares trade on the New York Stock Exchange under the symbol KT.

KT provides fixed-line and wireless telecommunications services, including mobile voice and data, broadband internet, and internet protocol television. The company also offers digital services such as cloud computing, data center operations, information and communications technology solutions, and enterprise networking for businesses and public-sector organizations.

KT primarily serves customers in South Korea while supporting international business clients through its global telecommunications and technology networks.