Park Place Capital Corp Buys 819 Shares of KT Corporation (NYSE:KT)

Park Place Capital Corp raised its stake in KT Corporation (NYSE:KT) by 66.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,047 shares of the technology company’s stock after buying an additional 819 shares during the quarter. Park Place Capital Corp’s holdings in KT were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in KT by 392.0% in the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock valued at $153,913,000 after buying an additional 7,901,522 shares in the last quarter. Capital International Investors bought a new position in KT in the fourth quarter valued at approximately $135,833,000. Robeco Institutional Asset Management B.V. lifted its stake in KT by 18.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company’s stock valued at $98,250,000 after buying an additional 875,840 shares in the last quarter. Lazard Asset Management LLC lifted its stake in KT by 1.7% in the fourth quarter. Lazard Asset Management LLC now owns 3,117,223 shares of the technology company’s stock valued at $48,378,000 after buying an additional 53,200 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in KT by 28.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,697,187 shares of the technology company’s stock valued at $26,340,000 after buying an additional 376,194 shares in the last quarter. Institutional investors own 18.86% of the company’s stock.

KT Stock Performance

Shares of KT opened at $20.29 on Friday. KT Corporation has a 12 month low of $13.11 and a 12 month high of $20.57. The firm has a fifty day simple moving average of $19.39 and a 200 day simple moving average of $17.84. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 0.16 and a beta of 0.66. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41.

KT (NYSE:KT) last announced its earnings results on Tuesday, June 17th. The technology company reported $0.75 EPS for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. The business had revenue of $4.71 billion during the quarter. Research analysts forecast that KT Corporation will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KT shares. Wall Street Zen cut shares of KT from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 20th. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

KT 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.