SK Telecom Co., Ltd. (SKM) Shares Sold by Sensato Investors LLC

Sensato Investors LLC cut its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,500 shares of the Wireless communications provider’s stock after selling 49,900 shares during the period. SK Telecom Co. accounts for 2.4% of Sensato Investors LLC’s investment portfolio, making the stock its 17th largest position. Sensato Investors LLC owned 0.09% of SK Telecom Co. worth $14,315,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SKM. JHL Capital Group LLC raised its position in shares of SK Telecom Co. by 23.8% in the first quarter. JHL Capital Group LLC now owns 1,300,000 shares of the Wireless communications provider’s stock worth $32,734,000 after buying an additional 250,000 shares during the period. Bank of America Corp DE raised its position in shares of SK Telecom Co. by 22.3% in the first quarter. Bank of America Corp DE now owns 2,647,702 shares of the Wireless communications provider’s stock worth $66,670,000 after buying an additional 483,598 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of SK Telecom Co. during the first quarter worth $1,493,000. Schwab Charles Investment Management Inc. raised its position in shares of SK Telecom Co. by 11.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 145,175 shares of the Wireless communications provider’s stock worth $3,656,000 after buying an additional 14,924 shares during the period. Finally, Dynamic Capital Management Ltd bought a new position in shares of SK Telecom Co. during the first quarter worth $422,000. Institutional investors own 11.74% of the company’s stock.

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

Shares of SK Telecom Co., Ltd. (NYSE:SKM) traded up 2.17% during trading on Monday, hitting $24.46. 498,776 shares of the company’s stock were exchanged. SK Telecom Co., Ltd. has a 1-year low of $19.31 and a 1-year high of $26.07. The stock’s 50 day moving average is $24.11 and its 200 day moving average is $23.08. The firm has a market capitalization of $15.56 billion, a PE ratio of 10.44 and a beta of 0.38.

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A number of equities analysts have weighed in on the stock. Credit Suisse Group lowered shares of SK Telecom Co. from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 30th. Citigroup Inc. reiterated a “neutral” rating on shares of SK Telecom Co. in a report on Monday, April 24th. Finally, Zacks Investment Research upgraded shares of SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Thursday, April 20th.

About SK Telecom Co.

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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