Alberta Investment Management Corp Invests $11.99 Million in KT Co. (NYSE:KT)

Alberta Investment Management Corp purchased a new position in shares of KT Co. (NYSE:KT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 772,322 shares of the technology company’s stock, valued at approximately $11,986,000. Alberta Investment Management Corp owned approximately 0.15% of KT as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its position in KT by 18.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company’s stock worth $823,000 after acquiring an additional 7,858 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of KT by 74.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 45,941 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after purchasing an additional 1,101,669 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of KT in the 3rd quarter valued at approximately $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of KT in the 3rd quarter valued at approximately $592,000. 18.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KT. UBS Group began coverage on KT in a research report on Wednesday. They issued a “buy” rating on the stock. StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a report on Thursday.

KT Price Performance

Shares of NYSE KT opened at $17.30 on Thursday. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45. 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 company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. The business has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $15.84.

KT (NYSE:KT) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, equities research analysts expect that KT Co. will post 0.73 earnings per share for the current year.

About KT

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.