Bogle Investment Management L P DE lifted its position in shares of KT Corp (NYSE:KT) by 28.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 266,564 shares of the technology company’s stock after buying an additional 58,748 shares during the quarter. Bogle Investment Management L P DE owned approximately 0.05% of KT worth $3,297,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Athos Capital Ltd acquired a new position in KT in the second quarter valued at $1,834,000. Renaissance Technologies LLC increased its stake in KT by 14.8% during the second quarter. Renaissance Technologies LLC now owns 97,900 shares of the technology company’s stock worth $1,211,000 after acquiring an additional 12,600 shares during the last quarter. Quantamental Technologies LLC raised its holdings in shares of KT by 31.8% in the 2nd quarter. Quantamental Technologies LLC now owns 14,099 shares of the technology company’s stock worth $174,000 after purchasing an additional 3,399 shares during the period. Capital Fund Management S.A. raised its holdings in shares of KT by 5.0% in the 2nd quarter. Capital Fund Management S.A. now owns 27,500 shares of the technology company’s stock worth $340,000 after purchasing an additional 1,300 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of KT in the 2nd quarter worth about $1,927,000. Institutional investors and hedge funds own 34.09% of the company’s stock.
KT stock opened at $11.30 on Tuesday. The firm has a fifty day moving average of $11.35 and a 200-day moving average of $12.15. KT Corp has a 52-week low of $10.86 and a 52-week high of $15.42. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $5.51 billion, a P/E ratio of 8.83, a PEG ratio of 0.86 and a beta of 0.39.
A number of analysts have recently issued reports on the company. ValuEngine cut KT from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of KT from a “hold” rating to a “sell” rating in a report on Saturday, July 13th.
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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