Point View Wealth Management Inc. trimmed its holdings in shares of SK Telecom Co Ltd (NYSE:SKM) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,299 shares of the Wireless communications provider’s stock after selling 716 shares during the quarter. Point View Wealth Management Inc.’s holdings in SK Telecom were worth $261,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of SKM. Mondrian Investment Partners LTD bought a new position in SK Telecom in the third quarter valued at approximately $41,000. Pacer Advisors Inc. boosted its position in shares of SK Telecom by 50.4% during the third quarter. Pacer Advisors Inc. now owns 1,910 shares of the Wireless communications provider’s stock worth $42,000 after buying an additional 640 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of SK Telecom during the third quarter worth about $44,000. Quantum Capital Management bought a new position in shares of SK Telecom during the third quarter worth about $63,000. Finally, Parallel Advisors LLC grew its holdings in shares of SK Telecom by 35.2% during the fourth quarter. Parallel Advisors LLC now owns 5,181 shares of the Wireless communications provider’s stock worth $120,000 after buying an additional 1,350 shares in the last quarter. 9.99% of the stock is owned by institutional investors and hedge funds.
SKM stock traded down $0.12 during midday trading on Friday, hitting $21.21. The company’s stock had a trading volume of 8,912 shares, compared to its average volume of 369,527. The company’s fifty day moving average price is $22.26 and its 200 day moving average price is $22.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 1.07. SK Telecom Co Ltd has a twelve month low of $20.86 and a twelve month high of $26.18. The stock has a market capitalization of $13.54 billion, a P/E ratio of 4.75 and a beta of 0.39.
SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Friday, December 13th. The Wireless communications provider reported $0.19 EPS for the quarter. The business had revenue of $2.33 billion for the quarter. Equities analysts expect that SK Telecom Co Ltd will post 1.49 EPS for the current fiscal year.
SKM has been the topic of several research reports. JPMorgan Chase & Co. upgraded SK Telecom from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 31st. ValuEngine raised shares of SK Telecom from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Zacks Investment Research downgraded shares of SK Telecom from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, TheStreet lowered shares of SK Telecom from a “b-” rating to a “c+” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. SK Telecom has a consensus rating of “Buy” and an average target price 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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