Segall Bryant & Hamill LLC Invests $239,000 in KT Corp (NYSE:KT)

Segall Bryant & Hamill LLC purchased a new position in shares of KT Corp (NYSE:KT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,800 shares of the technology company’s stock, valued at approximately $239,000.

A number of other large investors have also recently added to or reduced their stakes in KT. We Are One Seven LLC purchased a new position in shares of KT in the 4th quarter valued at approximately $25,000. Simplex Trading LLC purchased a new position in shares of KT in the 4th quarter valued at approximately $43,000. Advisors Preferred LLC purchased a new position in shares of KT in the 4th quarter valued at approximately $44,000. Atlas Capital Advisors LLC purchased a new position in shares of KT in the 4th quarter valued at approximately $48,000. Finally, Lindbrook Capital LLC purchased a new position in shares of KT in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 33.59% of the company’s stock.

Shares of KT stock traded down $0.34 during midday trading on Wednesday, hitting $12.23. The company had a trading volume of 843,100 shares, compared to its average volume of 812,404. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.09 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.62 and a beta of 0.46. KT Corp has a 52-week low of $12.16 and a 52-week high of $15.42.

Separately, Zacks Investment Research downgraded KT from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 4th. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $15.00.

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KT Company Profile

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.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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