Deprince Race & Zollo Inc. lowered its position in KT Corp. (NYSE:KT) by 74.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,260 shares of the company’s stock after selling 170,840 shares during the period. Deprince Race & Zollo Inc.’s holdings in KT Corp. were worth $817,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Lingohr & Partner Asset Management GmbH acquired a new stake in KT Corp. during the second quarter worth approximately $579,000. Rockefeller Financial Services Inc. raised its stake in KT Corp. by 9.0% in the second quarter. Rockefeller Financial Services Inc. now owns 108,141 shares of the company’s stock worth $1,542,000 after buying an additional 8,915 shares during the period. Fox Run Management L.L.C. acquired a new stake in KT Corp. during the second quarter worth approximately $204,000. Ferguson Wellman Capital Management Inc. raised its stake in KT Corp. by 5.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 447,410 shares of the company’s stock worth $6,380,000 after buying an additional 21,305 shares during the period. Finally, Sensato Investors LLC acquired a new stake in KT Corp. during the first quarter worth approximately $2,822,000. Institutional investors and hedge funds own 17.20% of the company’s stock.
Shares of KT Corp. (NYSE:KT) traded down 1.38% on Friday, reaching $15.78. The company’s stock had a trading volume of 545,942 shares. KT Corp. has a 52-week low of $10.81 and a 52-week high of $16.79. The company has a market cap of $7.73 billion, a PE ratio of 21.31 and a beta of 0.70. The firm has a 50 day moving average of $15.70 and a 200 day moving average of $14.66.
Separately, Zacks Investment Research upgraded KT Corp. from a “sell” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, August 3rd.
KT Corp. Company 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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