SG Americas Securities LLC Buys 25,827 Shares of KT Corp (KT)

SG Americas Securities LLC boosted its stake in shares of KT Corp (NYSE:KT) by 39.4% in the 1st quarter, Holdings Channel reports. The firm owned 91,412 shares of the technology company’s stock after buying an additional 25,827 shares during the quarter. SG Americas Securities LLC’s holdings in KT were worth $1,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. We Are One Seven LLC bought a new position in shares of KT during the fourth quarter worth approximately $25,000. Simplex Trading LLC bought a new position in shares of KT during the fourth quarter worth approximately $43,000. Advisors Preferred LLC bought a new position in shares of KT during the fourth quarter worth approximately $44,000. Atlas Capital Advisors LLC bought a new position in shares of KT during the fourth quarter worth approximately $48,000. Finally, Lindbrook Capital LLC bought a new position in shares of KT during the fourth quarter worth approximately $50,000. 33.92% of the stock is owned by hedge funds and other institutional investors.

KT stock opened at $12.10 on Wednesday. KT Corp has a one year low of $11.80 and a one year high of $15.42. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

Separately, Zacks Investment Research upgraded KT from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.00.

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About KT

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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