Todd Asset Management LLC Sells 17,700 Shares of KT Co. (NYSE:KT)

Todd Asset Management LLC lowered its stake in shares of KT Co. (NYSE:KT) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,400 shares of the technology company’s stock after selling 17,700 shares during the quarter. Todd Asset Management LLC’s holdings in KT were worth $3,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in KT in the fourth quarter valued at about $28,000. Janiczek Wealth Management LLC acquired a new stake in KT during the 4th quarter worth about $45,000. CWM LLC grew its stake in KT by 17.8% during the 4th quarter. CWM LLC now owns 6,869 shares of the technology company’s stock valued at $92,000 after purchasing an additional 1,037 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of KT in the third quarter valued at about $104,000. Finally, Blue Trust Inc. raised its stake in shares of KT by 84.0% in the fourth quarter. Blue Trust Inc. now owns 8,900 shares of the technology company’s stock worth $114,000 after purchasing an additional 4,063 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Stock Performance

KT traded up $0.10 during midday trading on Friday, hitting $12.84. 319,488 shares of the company were exchanged, compared to its average volume of 852,511. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.40 and a beta of 0.86. The company’s 50 day simple moving average is $13.57 and its 200 day simple moving average is $13.30. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. KT Co. has a 1-year low of $11.04 and a 1-year high of $15.35.

KT (NYSE:KT) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. The company had revenue of $5.08 billion during the quarter. As a group, sell-side analysts predict that KT Co. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.