KT Corp (NYSE:KT) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its position in shares of KT Corp (NYSE:KT) by 22.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,127 shares of the technology company’s stock after selling 34,018 shares during the quarter. Marshall Wace LLP’s holdings in KT were worth $1,445,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GQG Partners LLC boosted its stake in shares of KT by 129.9% in the fourth quarter. GQG Partners LLC now owns 6,054,806 shares of the technology company’s stock valued at $86,117,000 after buying an additional 3,421,323 shares in the last quarter. Millennium Management LLC acquired a new position in KT during the fourth quarter worth $14,976,000. Acadian Asset Management LLC raised its holdings in KT by 12.6% during the first quarter. Acadian Asset Management LLC now owns 8,543,594 shares of the technology company’s stock worth $106,279,000 after purchasing an additional 957,950 shares during the last quarter. Edgbaston Investment Partners LLP raised its holdings in KT by 16.3% during the first quarter. Edgbaston Investment Partners LLP now owns 4,806,115 shares of the technology company’s stock worth $59,788,000 after purchasing an additional 674,900 shares during the last quarter. Finally, Segantii Capital Management Ltd acquired a new position in KT during the first quarter worth $8,157,000. 33.96% of the stock is currently owned by institutional investors.

Shares of NYSE KT traded up $0.07 on Thursday, hitting $11.93. The company had a trading volume of 477,000 shares, compared to its average volume of 820,439. KT Corp has a 12-month low of $11.46 and a 12-month high of $15.42. The company has a 50 day moving average price of $12.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.18. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.89 and a beta of 0.38.

A number of research firms have recently weighed in on KT. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Saturday, July 13th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

KT Profile

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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Institutional Ownership by Quarter for KT (NYSE:KT)

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