Mondrian Investment Partners LTD decreased its position in SK Telecom Co., Ltd. (NYSE:SKM) by 34.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,080 shares of the Wireless communications provider’s stock after selling 67,000 shares during the period. Mondrian Investment Partners LTD’s holdings in SK Telecom Co. were worth $3,236,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in SK Telecom Co. by 68.6% in the second quarter. Bessemer Group Inc. now owns 4,536 shares of the Wireless communications provider’s stock worth $116,000 after buying an additional 1,845 shares during the period. Cypress Capital Management LLC WY bought a new position in SK Telecom Co. during the second quarter worth $145,000. Mirador Capital Partners LP bought a new position in SK Telecom Co. during the first quarter worth $203,000. Paloma Partners Management Co bought a new position in SK Telecom Co. during the first quarter worth $203,000. Finally, Quantitative Systematic Strategies LLC bought a new position in SK Telecom Co. during the first quarter worth $223,000. 11.87% of the stock is currently owned by institutional investors.

SK Telecom Co., Ltd. (SKM) opened at 25.99 on Friday. The stock has a 50 day moving average price of $26.32 and a 200 day moving average price of $24.37. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 9.35 and a beta of 0.35. SK Telecom Co., Ltd. has a 52 week low of $20.44 and a 52 week high of $28.13.

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A number of equities analysts have weighed in on the company. BidaskClub lowered SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) raised SK Telecom Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st. Credit Suisse Group lowered SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 30th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of SK Telecom Co. in a research note on Monday, April 24th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus 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.

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

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