Lingohr & Partner Asset Management GmbH lessened its stake in shares of KT Corp (NYSE:KT) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,700 shares of the technology company’s stock after selling 10,300 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in KT were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of KT. JPMorgan Chase & Co. increased its position in KT by 6.5% during the 1st quarter. JPMorgan Chase & Co. now owns 618,609 shares of the technology company’s stock worth $8,474,000 after purchasing an additional 37,515 shares in the last quarter. UBS Group AG grew its holdings in KT by 20.6% in the 1st quarter. UBS Group AG now owns 621,559 shares of the technology company’s stock valued at $8,515,000 after buying an additional 106,303 shares during the period. A.R.T. Advisors LLC purchased a new stake in KT in the 1st quarter valued at about $1,209,000. Cubist Systematic Strategies LLC grew its holdings in KT by 23.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 30,825 shares of the technology company’s stock valued at $422,000 after buying an additional 5,827 shares during the period. Finally, Mount Yale Investment Advisors LLC purchased a new stake in KT in the 1st quarter valued at about $488,000. Hedge funds and other institutional investors own 29.51% of the company’s stock.
KT opened at $14.54 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.11 and a current ratio of 1.18. KT Corp has a 12 month low of $12.55 and a 12 month high of $16.12.
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.
See Also: Outstanding Shares
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