SK Telecom Co., Ltd. (SKM) Stake Cut by Fulton Bank N.A.

Fulton Bank N.A. decreased its position in SK Telecom Co., Ltd. (NYSE:SKM) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,065 shares of the Wireless communications provider’s stock after selling 981 shares during the period. Fulton Bank N.A.’s holdings in SK Telecom Co. were worth $490,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Profund Advisors LLC raised its stake in SK Telecom Co. by 24.8% in the first quarter. Profund Advisors LLC now owns 15,167 shares of the Wireless communications provider’s stock valued at $382,000 after buying an additional 3,016 shares during the last quarter. Nationwide Fund Advisors acquired a new stake in SK Telecom Co. during the first quarter valued at about $1,226,000. Quantitative Systematic Strategies LLC acquired a new stake in SK Telecom Co. during the first quarter valued at about $223,000. Fox Run Management L.L.C. acquired a new stake in SK Telecom Co. during the first quarter valued at about $277,000. Finally, Atria Investments LLC raised its stake in SK Telecom Co. by 8.9% in the first quarter. Atria Investments LLC now owns 11,190 shares of the Wireless communications provider’s stock valued at $282,000 after buying an additional 912 shares during the last quarter. 11.74% of the stock is currently owned by institutional investors.

SK Telecom Co., Ltd. (NYSE:SKM) opened at 25.07 on Wednesday. SK Telecom Co., Ltd. has a 52-week low of $20.44 and a 52-week high of $26.56. The stock has a market capitalization of $15.95 billion, a P/E ratio of 10.92 and a beta of 0.34. The stock has a 50 day moving average of $24.52 and a 200 day moving average of $23.30.

TRADEMARK VIOLATION NOTICE: This piece was first published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/07/12/sk-telecom-co-ltd-skm-stake-cut-by-fulton-bank-n-a.html.

A number of equities research analysts recently weighed in on SKM shares. BidaskClub raised shares of SK Telecom Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of SK Telecom Co. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 6th. Citigroup Inc. reiterated a “neutral” rating on shares of SK Telecom Co. in a research report on Monday, April 24th. Finally, Credit Suisse Group downgraded shares of SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target 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.

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

Receive News & Ratings for SK Telecom Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply