Aperio Group LLC raised its position in KT Corporation (NYSE:KT) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,632,399 shares of the technology company’s stock after buying an additional 60,090 shares during the period. Aperio Group LLC owned 0.31% of KT Corporation worth $27,163,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Hexavest Inc. acquired a new position in KT Corporation during the second quarter valued at approximately $112,000. Parallel Advisors LLC increased its position in shares of KT Corporation by 775.0% in the first quarter. Parallel Advisors LLC now owns 7,586 shares of the technology company’s stock valued at $123,000 after buying an additional 6,719 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of KT Corporation during the first quarter worth about $170,000. Janney Montgomery Scott LLC bought a new position in shares of KT Corporation during the first quarter worth about $171,000. Finally, Signaturefd LLC bought a new position in shares of KT Corporation during the first quarter worth about $205,000. Hedge funds and other institutional investors own 23.69% of the company’s stock.
KT Corporation (NYSE:KT) traded down 1.17% during midday trading on Friday, reaching $16.93. 856,629 shares of the company traded hands. The firm has a 50-day moving average of $17.32 and a 200-day moving average of $16.41. The stock has a market capitalization of $8.29 billion, a P/E ratio of 13.14 and a beta of 0.46. KT Corporation has a 1-year low of $13.43 and a 1-year high of $18.82.
A number of brokerages have issued reports on KT. BidaskClub downgraded shares of KT Corporation from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research cut shares of KT Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Nomura upgraded shares of KT Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th.
About KT Corporation
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.
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