TD Asset Management Inc. boosted its holdings in shares of KT Corp (NYSE:KT) by 161.4% in the second quarter, HoldingsChannel.com reports. The fund owned 239,336 shares of the technology company’s stock after acquiring an additional 147,785 shares during the period. TD Asset Management Inc.’s holdings in KT were worth $3,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC increased its stake in KT by 23.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 30,825 shares of the technology company’s stock valued at $422,000 after purchasing an additional 5,827 shares in the last quarter. ETRADE Capital Management LLC increased its stake in KT by 66.0% during the 1st quarter. ETRADE Capital Management LLC now owns 20,174 shares of the technology company’s stock valued at $276,000 after purchasing an additional 8,021 shares in the last quarter. Zeke Capital Advisors LLC increased its stake in KT by 24.3% during the 2nd quarter. Zeke Capital Advisors LLC now owns 45,364 shares of the technology company’s stock valued at $602,000 after purchasing an additional 8,859 shares in the last quarter. M&T Bank Corp bought a new stake in KT during the 1st quarter valued at about $160,000. Finally, Quantbot Technologies LP bought a new stake in KT during the 1st quarter valued at about $172,000. 28.52% of the stock is owned by institutional investors.

Shares of KT stock opened at $13.56 on Friday. KT Corp has a 52 week low of $12.55 and a 52 week high of $17.18. The company has a market capitalization of $6.58 billion, a PE ratio of 15.41, a P/E/G ratio of 1.19 and a beta of 0.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 0.96.

A number of analysts have weighed in on KT shares. ValuEngine lowered shares of KT from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Morgan Stanley upgraded shares of KT from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, August 7th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. KT has a consensus rating of “Hold” and a consensus target price of $18.00.

KT 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.

Read More: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for KT (NYSE:KT)

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