Dynamic Capital Management Ltd trimmed its stake in KT Corp (NYSE:KT) by 88.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,127 shares of the technology company’s stock after selling 125,105 shares during the period. Dynamic Capital Management Ltd’s holdings in KT were worth $252,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. ETRADE Capital Management LLC acquired a new position in shares of KT during the fourth quarter valued at about $190,000. Landscape Capital Management L.L.C. acquired a new position in shares of KT during the fourth quarter valued at about $218,000. Hosking Partners LLP acquired a new position in shares of KT during the third quarter valued at about $343,000. Citadel Advisors LLC grew its holdings in shares of KT by 27.3% during the fourth quarter. Citadel Advisors LLC now owns 25,704 shares of the technology company’s stock valued at $401,000 after buying an additional 5,516 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of KT during the fourth quarter valued at about $428,000. Institutional investors and hedge funds own 26.58% of the company’s stock.
Several research firms recently weighed in on KT. Zacks Investment Research upgraded shares of KT from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, January 23rd. Nomura cut shares of KT from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. CLSA cut shares of KT from an “outperform” rating to an “underperform” rating in a report on Wednesday, January 24th. TheStreet cut shares of KT from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, Credit Suisse Group cut shares of KT from an “outperform” rating to a “neutral” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.
KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.
Want to see what other hedge funds are holding KT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KT Corp (NYSE:KT).
Receive News & Ratings for KT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KT and related companies with MarketBeat.com's FREE daily email newsletter.