Parametric Portfolio Associates LLC decreased its holdings in shares of SK Telecom Co Ltd (NYSE:SKM) by 2.4% in the 3rd quarter, Holdings Channel reports. The fund owned 2,227,545 shares of the Wireless communications provider’s stock after selling 54,624 shares during the period. Parametric Portfolio Associates LLC’s holdings in SK Telecom were worth $49,451,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Next Capital Management LLC acquired a new position in shares of SK Telecom in the second quarter valued at approximately $26,000. Pacer Advisors Inc. bought a new stake in SK Telecom in the second quarter valued at approximately $31,000. Mondrian Investment Partners LTD bought a new stake in SK Telecom in the third quarter valued at approximately $41,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in SK Telecom in the second quarter valued at approximately $42,000. Finally, Tower Research Capital LLC TRC bought a new stake in SK Telecom in the third quarter valued at approximately $44,000. 9.94% of the stock is owned by hedge funds and other institutional investors.
SK Telecom stock opened at $22.92 on Monday. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 5.14 and a beta of 0.35. SK Telecom Co Ltd has a 52-week low of $21.22 and a 52-week high of $28.56. The stock’s 50 day moving average price is $22.83 and its two-hundred day moving average price is $23.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.05.
About SK Telecom
SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. It operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission services; cellular global roaming services; interconnection services; Internet of Things solutions; and platform services, as well as sells smartphones and basic phones, tablets and other Internet access devices, and wearable devices.
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