D. E. Shaw & Co. Inc. raised its stake in shares of KT Corp (NYSE:KT) by 224.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 715,641 shares of the technology company’s stock after purchasing an additional 495,380 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.15% of KT worth $10,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. Man Group plc purchased a new position in shares of KT during the third quarter worth approximately $37,523,000. Acadian Asset Management LLC raised its stake in shares of KT by 30.6% during the fourth quarter. Acadian Asset Management LLC now owns 7,585,644 shares of the technology company’s stock worth $107,869,000 after acquiring an additional 1,777,331 shares in the last quarter. BlackRock Inc. raised its stake in shares of KT by 39.8% during the third quarter. BlackRock Inc. now owns 4,928,999 shares of the technology company’s stock worth $73,197,000 after acquiring an additional 1,403,146 shares in the last quarter. Sensato Investors LLC purchased a new position in shares of KT during the third quarter worth approximately $16,758,000. Finally, Alliancebernstein L.P. increased its stake in shares of KT by 405.7% in the third quarter. Alliancebernstein L.P. now owns 1,249,905 shares of the technology company’s stock worth $18,561,000 after buying an additional 1,002,740 shares during the period. Institutional investors and hedge funds own 33.45% of the company’s stock.
Shares of KT stock opened at $12.81 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 0.64 and a beta of 0.48. KT Corp has a 12-month low of $12.55 and a 12-month high of $15.42.
KT Company 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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