Acadian Asset Management LLC trimmed its stake in shares of KT Corp (NYSE:KT) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,647,873 shares of the technology company’s stock after selling 129,038 shares during the period. Acadian Asset Management LLC owned 1.97% of KT worth $111,918,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of KT. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of KT by 42.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,835 shares of the technology company’s stock worth $85,000 after purchasing an additional 2,048 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of KT by 101.5% in the 4th quarter. Atlas Capital Advisors LLC now owns 9,720 shares of the technology company’s stock worth $113,000 after buying an additional 4,897 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of KT in the 3rd quarter worth about $126,000. Corient Capital Partners LLC raised its position in shares of KT by 39.1% during the 3rd quarter. Corient Capital Partners LLC now owns 17,990 shares of the technology company’s stock valued at $203,000 after buying an additional 5,057 shares in the last quarter. Finally, Dean Capital Investments Management LLC raised its position in shares of KT by 27.1% during the 3rd quarter. Dean Capital Investments Management LLC now owns 24,254 shares of the technology company’s stock valued at $274,000 after buying an additional 5,166 shares in the last quarter. 32.87% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered KT from a “hold” rating to a “strong sell” rating in a research report on Tuesday.
NYSE:KT opened at $10.53 on Friday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.83 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.17 and a quick ratio of 1.11. The business has a 50 day simple moving average of $11.00 and a 200-day simple moving average of $11.27. KT Corp has a 1 year low of $10.31 and a 1 year high of $13.73.
KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.
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