DGS Capital Management LLC Buys 3,516 Shares of KT Co. (NYSE:KT)

DGS Capital Management LLC boosted its stake in shares of KT Co. (NYSE:KT) by 2.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 150,880 shares of the technology company’s stock after buying an additional 3,516 shares during the quarter. KT accounts for about 0.6% of DGS Capital Management LLC’s holdings, making the stock its 23rd largest position. DGS Capital Management LLC’s holdings in KT were worth $2,321,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in shares of KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in KT in the 2nd quarter worth approximately $140,000. MML Investors Services LLC bought a new stake in KT during the 3rd quarter worth approximately $160,000. Private Advisor Group LLC purchased a new position in KT during the third quarter valued at approximately $164,000. Finally, Centiva Capital LP purchased a new position in KT during the third quarter valued at approximately $191,000. Institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

KT has been the topic of several recent analyst reports. New Street Research upgraded shares of KT to a “strong-buy” rating in a research report on Monday, September 9th. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

KT Price Performance

Shares of KT stock traded up $0.08 during trading on Friday, reaching $16.08. 522,620 shares of the stock traded hands, compared to its average volume of 954,148. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 1.15 and a beta of 0.93. KT Co. has a 52-week low of $12.10 and a 52-week high of $18.45. The business has a fifty day simple moving average of $15.97 and a two-hundred day simple moving average of $14.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

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.