River Road Asset Management LLC Sells 2,166 Shares of SK Telecom Co.,Ltd (NYSE:SKM)

River Road Asset Management LLC trimmed its stake in SK Telecom Co.,Ltd (NYSE:SKM) by 24.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,632 shares of the Wireless communications provider’s stock after selling 2,166 shares during the quarter. River Road Asset Management LLC’s holdings in SK Telecom Co.,Ltd were worth $208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in SK Telecom Co.,Ltd during the 1st quarter valued at about $38,000. Standard Family Office LLC bought a new position in SK Telecom Co.,Ltd during the 1st quarter valued at about $41,000. Sowell Financial Services LLC grew its stake in shares of SK Telecom Co.,Ltd by 31.0% in the first quarter. Sowell Financial Services LLC now owns 1,660 shares of the Wireless communications provider’s stock worth $51,000 after acquiring an additional 393 shares during the period. Rockefeller Capital Management L.P. grew its position in SK Telecom Co.,Ltd by 1,219.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,636 shares of the Wireless communications provider’s stock worth $51,000 after purchasing an additional 1,512 shares during the period. Finally, Captrust Financial Advisors boosted its position in SK Telecom Co.,Ltd by 283.2% in the first quarter. Captrust Financial Advisors now owns 1,920 shares of the Wireless communications provider’s stock worth $52,000 after purchasing an additional 1,419 shares during the last quarter. 7.51% of the stock is currently owned by hedge funds and other institutional investors.

NYSE SKM traded up $0.10 during trading on Wednesday, hitting $28.61. 200 shares of the stock traded hands, compared to its average volume of 382,551. The firm has a 50-day simple moving average of $29.39 and a 200-day simple moving average of $29.42. SK Telecom Co.,Ltd has a 12-month low of $20.98 and a 12-month high of $33.59. The company has a market capitalization of $20.79 billion, a P/E ratio of 10.11 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.37.

SK Telecom Co.,Ltd (NYSE:SKM) last issued its quarterly earnings data on Wednesday, August 11th. The Wireless communications provider reported $1.06 EPS for the quarter. The business had revenue of $4.30 billion during the quarter. SK Telecom Co.,Ltd had a net margin of 11.16% and a return on equity of 8.79%. As a group, research analysts predict that SK Telecom Co.,Ltd will post 2.89 EPS for the current fiscal year.

Separately, Zacks Investment Research cut SK Telecom Co.,Ltd from a “buy” rating to a “hold” rating in a research report on Thursday, August 12th.

SK Telecom Co.,Ltd Company Profile

SK Telecom Co, Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.

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

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