KT Co. (NYSE:KT – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $13.08, but opened at $12.64. KT shares last traded at $12.47, with a volume of 300,858 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 8th.
View Our Latest Research Report on KT
KT Trading Down 5.0 %
KT (NYSE:KT – Get Free Report) 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. On average, sell-side analysts expect that KT Co. will post 1.9 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in KT by 57.3% during the 1st quarter. JPMorgan Chase & Co. now owns 520,833 shares of the technology company’s stock valued at $7,468,000 after acquiring an additional 189,661 shares during the last quarter. Raymond James & Associates boosted its stake in shares of KT by 5.7% in the first quarter. Raymond James & Associates now owns 266,292 shares of the technology company’s stock valued at $3,819,000 after buying an additional 14,458 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in KT by 27.1% during the first quarter. Bank of New York Mellon Corp now owns 211,336 shares of the technology company’s stock worth $3,031,000 after acquiring an additional 45,023 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in KT by 19.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,689 shares of the technology company’s stock worth $483,000 after acquiring an additional 5,510 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in KT by 259.9% in the first quarter. Allianz Asset Management GmbH now owns 427,668 shares of the technology company’s stock worth $6,133,000 after acquiring an additional 308,849 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.
About KT
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.
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