Sensato Investors LLC reduced its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 568,500 shares of the Wireless communications provider’s stock after selling 49,900 shares during the period. SK Telecom Co. accounts for about 2.4% of Sensato Investors LLC’s holdings, making the stock its 17th largest position. Sensato Investors LLC owned approximately 0.09% of SK Telecom Co. worth $14,315,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. LSV Asset Management increased its stake in SK Telecom Co. by 1.0% in the first quarter. LSV Asset Management now owns 1,184,485 shares of the Wireless communications provider’s stock worth $29,825,000 after buying an additional 12,200 shares in the last quarter. Renaissance Technologies LLC boosted its position in SK Telecom Co. by 168.4% in the fourth quarter. Renaissance Technologies LLC now owns 227,400 shares of the Wireless communications provider’s stock worth $4,753,000 after buying an additional 142,687 shares during the last quarter. Comerica Bank boosted its position in SK Telecom Co. by 12.9% in the fourth quarter. Comerica Bank now owns 31,078 shares of the Wireless communications provider’s stock worth $668,000 after buying an additional 3,562 shares during the last quarter. NWQ Investment Management Company LLC boosted its position in SK Telecom Co. by 25.9% in the fourth quarter. NWQ Investment Management Company LLC now owns 2,065,076 shares of the Wireless communications provider’s stock worth $43,160,000 after buying an additional 424,468 shares during the last quarter. Finally, Norges Bank acquired a new position in SK Telecom Co. during the fourth quarter worth approximately $808,000. Institutional investors own 11.74% of the company’s stock.
Shares of SK Telecom Co., Ltd. (SKM) traded up 0.32% during midday trading on Friday, hitting $24.90. The company had a trading volume of 454,936 shares. The firm has a market capitalization of $15.84 billion, a PE ratio of 10.85 and a beta of 0.34. The company has a 50-day moving average of $24.52 and a 200 day moving average of $23.30. SK Telecom Co., Ltd. has a 12 month low of $20.38 and a 12 month high of $26.07.
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A number of research analysts recently commented on the company. BidaskClub raised SK Telecom Co. from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut SK Telecom Co. from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Credit Suisse Group downgraded SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 30th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of SK Telecom Co. in a research report on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. SK Telecom Co. presently has a consensus rating of “Hold” and an average target price of $28.00.
SK Telecom Co. Company Profile
SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.
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