KT Co. (NYSE:KT) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its holdings in KT Co. (NYSE:KT) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,274,391 shares of the technology company’s stock after selling 95,971 shares during the quarter. Sei Investments Co.’s holdings in KT were worth $19,779,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in KT in the 4th quarter valued at about $36,000. Principal Securities Inc. raised its holdings in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,544 shares in the last quarter. GAMMA Investing LLC lifted its stake in KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after acquiring an additional 2,902 shares during the last quarter. Global Retirement Partners LLC grew its holdings in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock valued at $124,000 after purchasing an additional 2,181 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Stock Down 1.2 %

Shares of NYSE:KT opened at $17.64 on Friday. The firm has a 50 day simple moving average of $17.49 and a 200-day simple moving average of $16.43. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.74. 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 company has a market capitalization of $9.09 billion, a PE ratio of 9.91, a P/E/G ratio of 0.37 and a beta of 0.95.

Wall Street Analyst Weigh In

KT has been the subject of several recent analyst reports. UBS Group began coverage on shares of KT in a research report on Wednesday, February 19th. They set a “buy” rating for the company. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

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.