BNP Paribas Financial Markets Increases Position in KT Co. (NYSE:KT)

BNP Paribas Financial Markets lifted its holdings in shares of KT Co. (NYSE:KT) by 65.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 246,563 shares of the technology company’s stock after acquiring an additional 97,838 shares during the quarter. BNP Paribas Financial Markets’ holdings in KT were worth $3,792,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after acquiring an additional 1,264 shares during the period. 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 worth $70,000 after purchasing an additional 4,464 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in KT during the second quarter worth approximately $140,000. Private Advisor Group LLC bought a new position in shares of KT in the third quarter valued at $164,000. Finally, Kathmere Capital Management LLC increased its holdings in shares of KT by 61.1% in the second quarter. Kathmere Capital Management LLC now owns 17,055 shares of the technology company’s stock valued at $233,000 after buying an additional 6,471 shares in the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Stock Down 2.7 %

NYSE KT opened at $17.55 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a 50-day simple moving average of $15.88 and a 200 day simple moving average of $14.69. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45. The stock has a market cap of $9.05 billion, a PE ratio of 9.86, a PEG ratio of 1.33 and a beta of 0.93.

Wall Street Analyst Weigh In

Several analysts have issued reports on KT shares. New Street Research raised shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

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.