KT Corporation (KT) Stake Lowered by Lingohr & Partner Asset Management GmbH

Lingohr & Partner Asset Management GmbH cut its stake in KT Corporation (NYSE:KT) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,500 shares of the technology company’s stock after selling 16,200 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in KT Corporation were worth $986,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Standard Life Investments LTD grew its position in shares of KT Corporation by 26.9% in the 2nd quarter. Standard Life Investments LTD now owns 7,241,821 shares of the technology company’s stock valued at $120,612,000 after purchasing an additional 1,533,615 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of KT Corporation by 15.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,963,357 shares of the technology company’s stock worth $32,670,000 after purchasing an additional 258,022 shares in the last quarter. Rockefeller Financial Services Inc. boosted its stake in KT Corporation by 3.4% in the third quarter. Rockefeller Financial Services Inc. now owns 1,717,016 shares of the technology company’s stock valued at $23,815,000 after buying an additional 55,717 shares in the last quarter. Aperio Group LLC boosted its stake in KT Corporation by 3.8% in the second quarter. Aperio Group LLC now owns 1,632,399 shares of the technology company’s stock valued at $27,163,000 after buying an additional 60,090 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in KT Corporation by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 591,611 shares of the technology company’s stock valued at $9,957,000 after buying an additional 16,491 shares in the last quarter. 25.59% of the stock is owned by institutional investors.

KT has been the topic of a number of recent research reports. Zacks Investment Research lowered KT Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. BidaskClub raised KT Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Nomura raised KT Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th.

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Shares of KT Corporation (KT) traded up $0.10 on Monday, hitting $14.33. The stock had a trading volume of 641,700 shares, compared to its average volume of 984,424. KT Corporation has a 52 week low of $13.43 and a 52 week high of $18.82. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

KT Corporation Profile

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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Institutional Ownership by Quarter for KT Corporation (NYSE:KT)

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