Scotia Capital Inc. Reduces Holdings in SK Telecom Co Ltd (NYSE:SKM)

Scotia Capital Inc. lessened its position in shares of SK Telecom Co Ltd (NYSE:SKM) by 27.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,746 shares of the Wireless communications provider’s stock after selling 11,505 shares during the period. Scotia Capital Inc.’s holdings in SK Telecom were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Silchester International Investors LLP lifted its position in shares of SK Telecom by 11.4% during the 2nd quarter. Silchester International Investors LLP now owns 13,670,928 shares of the Wireless communications provider’s stock valued at $338,355,000 after buying an additional 1,399,376 shares during the last quarter. Oldfield Partners LLP lifted its position in shares of SK Telecom by 18.3% during the 2nd quarter. Oldfield Partners LLP now owns 3,396,824 shares of the Wireless communications provider’s stock valued at $84,071,000 after buying an additional 526,650 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of SK Telecom by 8.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,282,169 shares of the Wireless communications provider’s stock valued at $56,484,000 after buying an additional 183,197 shares during the last quarter. Aperio Group LLC lifted its position in shares of SK Telecom by 1.8% during the 2nd quarter. Aperio Group LLC now owns 1,847,812 shares of the Wireless communications provider’s stock valued at $45,733,000 after buying an additional 32,266 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of SK Telecom by 0.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,333,559 shares of the Wireless communications provider’s stock valued at $33,012,000 after buying an additional 5,137 shares during the last quarter. 10.50% of the stock is currently owned by hedge funds and other institutional investors.

SKM has been the topic of a number of recent research reports. Zacks Investment Research cut SK Telecom from a “buy” rating to a “hold” rating in a research report on Saturday, July 13th. ValuEngine cut SK Telecom from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Morgan Stanley raised SK Telecom from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 26th. Finally, Macquarie assumed coverage on SK Telecom in a report on Tuesday, May 21st. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy”.



SKM traded down $0.23 during trading on Monday, reaching $22.30. 97,339 shares of the company were exchanged, compared to its average volume of 339,908. The company’s 50-day moving average is $22.09 and its two-hundred day moving average is $23.76. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 5.00 and a beta of 0.31. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.39. SK Telecom Co Ltd has a 12-month low of $21.22 and a 12-month high of $28.56.

SK Telecom Profile

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

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