Eqis Capital Management Inc. Has $376,000 Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Eqis Capital Management Inc. cut its position in SK Telecom Co., Ltd. (NYSE:SKM) by 24.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,650 shares of the Wireless communications provider’s stock after selling 4,837 shares during the period. Eqis Capital Management Inc.’s holdings in SK Telecom Co. were worth $376,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Comerica Bank raised its stake in SK Telecom Co. by 12.9% in the fourth quarter. Comerica Bank now owns 31,078 shares of the Wireless communications provider’s stock worth $668,000 after buying an additional 3,562 shares during the last quarter. Renaissance Technologies LLC raised its stake in SK Telecom Co. by 168.4% in the fourth quarter. Renaissance Technologies LLC now owns 227,400 shares of the Wireless communications provider’s stock worth $4,753,000 after buying an additional 142,687 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in SK Telecom Co. by 6.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,379 shares of the Wireless communications provider’s stock worth $114,000 after buying an additional 318 shares during the last quarter. Norges Bank acquired a new stake in SK Telecom Co. during the fourth quarter worth approximately $808,000. Finally, Macquarie Group Ltd. raised its stake in SK Telecom Co. by 5.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,598,486 shares of the Wireless communications provider’s stock worth $137,893,000 after buying an additional 360,961 shares during the last quarter. 11.75% of the stock is owned by institutional investors and hedge funds.

Shares of SK Telecom Co., Ltd. (NYSE SKM) traded down 1.29% during mid-day trading on Friday, hitting $25.34. The company had a trading volume of 574,918 shares. The company has a 50-day moving average price of $26.42 and a 200-day moving average price of $24.51. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of 9.12 and a beta of 0.35. SK Telecom Co., Ltd. has a 1-year low of $20.44 and a 1-year high of $28.13.

COPYRIGHT VIOLATION NOTICE: This report was published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/sk-telecom-co-ltd-nyseskm-position-decreased-by-eqis-capital-management-inc-updated-updated-updated.html.

SKM has been the subject of a number of research analyst reports. Zacks Investment Research raised SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Thursday, April 20th. Citigroup Inc. reaffirmed a “neutral” rating on shares of SK Telecom Co. in a report on Monday, April 24th. Credit Suisse Group lowered SK Telecom Co. from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 30th. BidaskClub raised SK Telecom Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) raised SK Telecom Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 21st. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. SK Telecom Co. currently has an average rating of “Buy” and an average price target of $32.00.

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