JPMorgan Chase & Co. trimmed its position in SK Telecom Co Ltd (NYSE:SKM) by 4.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,087,092 shares of the Wireless communications provider’s stock after selling 55,224 shares during the period. JPMorgan Chase & Co. owned 0.17% of SK Telecom worth $26,622,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in SK Telecom in the first quarter worth about $263,000. Cornerstone Advisors Inc. lifted its holdings in SK Telecom by 11.6% in the first quarter. Cornerstone Advisors Inc. now owns 4,856 shares of the Wireless communications provider’s stock worth $119,000 after acquiring an additional 503 shares during the last quarter. Lenox Wealth Management Inc. lifted its holdings in SK Telecom by 18,395.3% in the first quarter. Lenox Wealth Management Inc. now owns 27,373 shares of the Wireless communications provider’s stock worth $670,000 after acquiring an additional 27,225 shares during the last quarter. Parallel Advisors LLC lifted its holdings in SK Telecom by 102.6% in the first quarter. Parallel Advisors LLC now owns 8,732 shares of the Wireless communications provider’s stock worth $214,000 after acquiring an additional 4,422 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in SK Telecom by 3.1% in the first quarter. Eagle Asset Management Inc. now owns 17,266 shares of the Wireless communications provider’s stock worth $422,000 after acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 10.31% of the company’s stock.
Shares of NYSE SKM traded up $0.10 during mid-day trading on Monday, reaching $24.77. 322,800 shares of the company traded hands, compared to its average volume of 382,166. SK Telecom Co Ltd has a fifty-two week low of $22.71 and a fifty-two week high of $28.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.05. The firm has a market capitalization of $15.68 billion, a price-to-earnings ratio of 5.55 and a beta of 0.27. The company has a fifty day moving average of $24.05.
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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