New York State Common Retirement Fund Invests $1.53 Million in KT Corporation $KT

New York State Common Retirement Fund bought a new stake in KT Corporation (NYSE:KT) in the 3rd quarter, Holdings Channel.com reports. The firm bought 78,262 shares of the technology company’s stock, valued at approximately $1,526,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC increased its position in KT by 1.2% during the second quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock worth $67,545,000 after buying an additional 37,744 shares during the last quarter. Millennium Management LLC increased its holdings in shares of KT by 4,148.2% during the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock worth $9,401,000 after acquiring an additional 518,322 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of KT by 107.9% during the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock worth $4,290,000 after acquiring an additional 125,702 shares during the last quarter. Royal Bank of Canada raised its stake in KT by 1.1% in the 1st quarter. Royal Bank of Canada now owns 102,808 shares of the technology company’s stock valued at $1,820,000 after acquiring an additional 1,078 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in KT by 306.5% during the 2nd quarter. SG Americas Securities LLC now owns 76,592 shares of the technology company’s stock valued at $1,592,000 after purchasing an additional 57,749 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

KT Price Performance

KT opened at $21.78 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. KT Corporation has a 52-week low of $16.25 and a 52-week high of $21.80. The business’s fifty day moving average is $19.40 and its 200-day moving average is $19.40.

Analysts Set New Price Targets

KT has been the topic of several research reports. Wall Street Zen downgraded KT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KT in a report on Monday, December 29th. Finally, Zacks Research upgraded KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.