Centiva Capital LP Takes Position in KT Co. (NYSE:KT)

Centiva Capital LP bought a new stake in KT Co. (NYSE:KT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,450 shares of the technology company’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PDS Planning Inc grew its stake in shares of KT by 6.2% during the third 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 last quarter. Dimensional Fund Advisors LP lifted its stake in KT by 0.3% in 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 period. Legacy Capital Group California Inc. boosted its holdings in KT by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock worth $294,000 after buying an additional 1,403 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of KT by 5.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock worth $433,000 after buying an additional 1,487 shares during the period. Finally, Signaturefd LLC boosted its stake in KT by 11.8% during the 3rd quarter. Signaturefd LLC now owns 21,044 shares of the technology company’s stock worth $324,000 after acquiring an additional 2,226 shares during the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KT has been the topic of a number of research analyst reports. New Street Research raised KT to a “strong-buy” rating in a research report 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.

KT Stock Up 1.7 %

KT opened at $16.01 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $15.97 and its 200 day simple moving average is $14.79. KT Co. has a 1-year low of $12.10 and a 1-year high of $18.45. The stock has a market cap of $8.26 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93.

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.