Claro Advisors LLC Makes New Investment in KT Co. (NYSE:KT)

Claro Advisors LLC purchased a new position in shares of KT Co. (NYSE:KT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,172 shares of the technology company’s stock, valued at approximately $220,000.

A number of other large investors also recently modified their holdings of KT. Sanctuary Advisors LLC boosted its position in KT by 18.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company’s stock worth $823,000 after buying an additional 7,858 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in KT in the 3rd quarter valued at approximately $691,000. Robeco Institutional Asset Management B.V. raised its stake in shares of KT by 44.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after acquiring an additional 1,101,669 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of KT during the third quarter worth $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of KT in the third quarter worth $592,000. 18.86% of the stock is currently owned by institutional investors.

KT Stock Performance

Shares of KT stock opened at $16.39 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT Co. has a one year low of $12.10 and a one year high of $18.45. The business’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $15.23. The stock has a market capitalization of $8.45 billion, a PE ratio of 9.21, a PEG ratio of 1.19 and a beta of 0.95.

Analyst Ratings Changes

Separately, StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

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.