Lazard Asset Management LLC Buys 84,760 Shares of KT Co. (NYSE:KT)

Lazard Asset Management LLC increased its stake in KT Co. (NYSE:KT) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,556,193 shares of the technology company’s stock after purchasing an additional 84,760 shares during the quarter. Lazard Asset Management LLC’s holdings in KT were worth $49,857,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KT. O Shaughnessy Asset Management LLC increased its stake in KT by 55.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock worth $5,247,000 after buying an additional 133,570 shares in the last quarter. Acadian Asset Management LLC increased its stake in KT by 62.0% in the 1st quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock worth $4,592,000 after buying an additional 125,413 shares in the last quarter. LSV Asset Management purchased a new stake in KT in the 4th quarter worth $1,206,000. Silchester International Investors LLP increased its stake in KT by 0.3% in the 4th quarter. Silchester International Investors LLP now owns 26,168,715 shares of the technology company’s stock worth $351,708,000 after buying an additional 78,600 shares in the last quarter. Finally, Capstone Investment Advisors LLC increased its stake in KT by 225.4% in the 4th quarter. Capstone Investment Advisors LLC now owns 106,010 shares of the technology company’s stock worth $1,425,000 after buying an additional 73,433 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group lowered KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th.

KT Price Performance

Shares of KT stock traded up $0.25 during trading on Friday, reaching $14.10. 353,965 shares of the stock traded hands, compared to its average volume of 622,239. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.99 and a beta of 0.90. The business has a fifty day simple moving average of $13.44 and a two-hundred day simple moving average of $13.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.00. KT Co. has a 52-week low of $11.63 and a 52-week high of $15.35.

KT (NYSE:KT) last issued its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. The firm had revenue of $5 billion during the quarter. KT had a return on equity of 5.55% and a net margin of 4.09%. Sell-side analysts expect that KT Co. will post 1.79 EPS for the current year.

KT Company 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.