Assetmark Inc. Grows Stock Holdings in KT Co. (NYSE:KT)

Assetmark Inc. boosted its holdings in KT Co. (NYSE:KT) by 945.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 137,383 shares of the technology company’s stock after buying an additional 124,237 shares during the period. Assetmark Inc.’s holdings in KT were worth $2,113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KT. Price T Rowe Associates Inc. MD lifted its position in shares of KT by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock worth $141,061,000 after purchasing an additional 829,682 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in 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 worth $55,493,000 after acquiring an additional 1,101,669 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of KT by 2.4% during the first quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock worth $49,857,000 after acquiring an additional 84,760 shares during the period. Sei Investments Co. raised its stake in shares of KT by 2.3% during the second quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock valued at $20,774,000 after acquiring an additional 34,164 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of KT by 245.7% in the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after purchasing an additional 804,986 shares during the period. 18.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KT shares. StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. New Street Research raised shares of KT to a “strong-buy” rating in a research report on Monday, September 9th.

KT Stock Performance

Shares of KT stock opened at $15.35 on Thursday. The stock has a market cap of $7.92 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. KT Co. has a 52-week low of $12.10 and a 52-week high of $16.24. The business has a 50-day simple moving average of $15.46 and a 200-day simple moving average of $14.30. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last issued its earnings results on Monday, August 26th. The technology company reported $0.58 EPS 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 during the quarter. On average, equities analysts expect that KT Co. will post 0.85 EPS 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.