Parametric Portfolio Associates LLC Has $49.45 Million Stake in SK Telecom Co Ltd (NYSE:SKM)

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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.

Several analysts recently commented on SKM shares. JPMorgan Chase & Co. upgraded SK Telecom from a “neutral” rating to an “overweight” rating in a report on Thursday, October 31st. Morgan Stanley upgraded SK Telecom from an “equal weight” rating to an “overweight” rating in a report on Monday, August 26th. Zacks Investment Research upgraded SK Telecom from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Wednesday, November 6th. Finally, ValuEngine cut SK Telecom from a “hold” rating to a “sell” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. SK Telecom currently has a consensus rating of “Buy” and an average price target of $26.00.

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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Want to see what other hedge funds are holding SKM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SK Telecom Co Ltd (NYSE:SKM).

Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

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