SK Telecom Co Ltd (NYSE:SKM) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in SK Telecom Co Ltd (NYSE:SKM) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,875 shares of the Wireless communications provider’s stock after selling 1,410 shares during the quarter. Signaturefd LLC’s holdings in SK Telecom were worth $467,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SKM. Icon Wealth Partners LLC purchased a new stake in SK Telecom during the first quarter worth $36,000. Steward Partners Investment Advisory LLC purchased a new stake in SK Telecom during the second quarter worth $52,000. Investors Research Corp purchased a new stake in SK Telecom during the first quarter worth $64,000. Lindbrook Capital LLC boosted its holdings in SK Telecom by 24.4% during the second quarter. Lindbrook Capital LLC now owns 3,171 shares of the Wireless communications provider’s stock worth $78,000 after buying an additional 622 shares in the last quarter. Finally, Financial Gravity Wealth Inc. purchased a new stake in SK Telecom during the first quarter worth $89,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

SKM traded up $0.09 during midday trading on Tuesday, hitting $21.88. 7,148 shares of the company traded hands, compared to its average volume of 371,339. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.02. The stock has a market cap of $14.03 billion, a P/E ratio of 4.90 and a beta of 0.32. SK Telecom Co Ltd has a 52-week low of $21.67 and a 52-week high of $28.56. The stock’s 50 day moving average price is $23.73.

SKM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of SK Telecom from a “buy” rating to a “hold” rating in a report on Saturday, July 13th. ValuEngine downgraded shares of SK Telecom from a “hold” rating to a “sell” rating in a report on Monday, July 8th. Finally, Macquarie initiated coverage on shares of SK Telecom in a report on Tuesday, May 21st. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. SK Telecom currently has an average rating of “Hold”.

SK Telecom Company 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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