Euro Pacific Asset Management LLC Lowers Position in KT Co. (NYSE:KT)

Euro Pacific Asset Management LLC decreased its stake in KT Co. (NYSE:KT) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,961 shares of the technology company’s stock after selling 926 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in KT were worth $189,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PDS Planning Inc raised its stake in KT by 6.2% during the 3rd quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock valued at $282,000 after purchasing an additional 1,065 shares during the period. Dimensional Fund Advisors LP boosted its stake in KT by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock valued at $5,021,000 after buying an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in KT by 41.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,264 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of KT by 7.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock worth $294,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of KT by 5.6% in the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after purchasing an additional 1,487 shares in the last quarter. Institutional investors own 18.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. 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 report on Saturday.

KT Stock Performance

NYSE KT opened at $15.23 on Friday. The business’s 50 day moving average price is $15.46 and its 200-day moving average price is $14.30. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $16.24. The company has a market cap of $7.85 billion, a P/E ratio of 9.28, a P/E/G ratio of 1.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.04.

KT (NYSE:KT) last posted its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. The business had revenue of $4.77 billion for the quarter. Sell-side analysts predict that KT Co. will post 0.85 earnings per share for the current year.

KT 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.