Smartleaf Asset Management LLC Has $152,000 Stock Holdings in KT Co. (NYSE:KT)

Smartleaf Asset Management LLC trimmed its position in shares of KT Co. (NYSE:KT) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,761 shares of the technology company’s stock after selling 1,805 shares during the period. Smartleaf Asset Management LLC’s holdings in KT were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of KT during the fourth quarter worth $36,000. Principal Securities Inc. raised its holdings in KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares in the last quarter. GAMMA Investing LLC raised its holdings in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after buying an additional 2,667 shares in the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Down 0.3 %

KT stock opened at $17.90 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $16.85 and its 200 day simple moving average is $16.10. The company has a market cap of $9.23 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KT shares. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, UBS Group initiated coverage on KT in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock.

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.