Nan Fung Trinity HK Ltd. Purchases 182,900 Shares of KT Corporation $KT

Nan Fung Trinity HK Ltd. lifted its position in shares of KT Corporation (NYSE:KT) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,254,940 shares of the technology company’s stock after buying an additional 182,900 shares during the period. KT comprises about 4.1% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 3rd largest holding. Nan Fung Trinity HK Ltd. owned 0.47% of KT worth $42,731,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in KT by 17.6% in the 2nd quarter. Wellington Management Group LLP now owns 26,973,001 shares of the technology company’s stock valued at $466,093,000 after acquiring an additional 4,028,281 shares in the last quarter. Niatross Investments Ltd boosted its position in KT by 18.8% during the 2nd quarter. Niatross Investments Ltd now owns 11,006,064 shares of the technology company’s stock worth $190,185,000 after acquiring an additional 1,744,003 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of KT by 4.4% during the 3rd quarter. Pzena Investment Management LLC now owns 7,605,620 shares of the technology company’s stock worth $144,126,000 after acquiring an additional 319,120 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of KT by 11.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,926,227 shares of the technology company’s stock worth $110,880,000 after acquiring an additional 594,335 shares in the last quarter. Finally, Mondrian Investment Partners LTD grew its stake in shares of KT by 7.3% during the 3rd quarter. Mondrian Investment Partners LTD now owns 2,620,126 shares of the technology company’s stock worth $49,651,000 after acquiring an additional 177,892 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Stock Performance

Shares of NYSE KT opened at $18.82 on Friday. The stock has a 50 day moving average price of $18.73 and a 200 day moving average price of $19.82. KT Corporation has a 52 week low of $16.59 and a 52 week high of $24.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.13. The stock has a market capitalization of $9.08 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.62.

KT (NYSE:KT) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $0.61 earnings per share for the quarter. The firm had revenue of $4.45 billion during the quarter. KT had a return on equity of 6.45% and a net margin of 4.72%. Analysts predict that KT Corporation will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KT. Weiss Ratings lowered shares of KT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Zacks Research upgraded shares of KT from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.08.

KT Profile

KT Corporation, formerly known as Korea Telecom, is a South Korean telecommunications and technology company. Established as a state-owned telecommunications provider in 1981, it was privatized in 2002 and adopted the KT name. The company provides fixed-line and mobile communications, high-speed internet and broadband, and IPTV services. It also serves businesses and public-sector organizations with information and communications technology solutions, including cloud, data center and network services.