Acadian Asset Management LLC decreased its position in SK Telecom Co. (NYSE:SKM) by 13.2% during the second quarter, Holdings Channel reports. The fund owned 13,865 shares of the company’s stock after selling 2,103 shares during the period. Acadian Asset Management LLC’s holdings in SK Telecom were worth $291,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new position in shares of SK Telecom during the first quarter worth approximately $45,322,000. Sensato Investors LLC purchased a new position in shares of SK Telecom during the first quarter worth approximately $3,386,000. Hexavest Inc. increased its position in shares of SK Telecom by 24.0% in the second quarter. Hexavest Inc. now owns 545,052 shares of the company’s stock worth $11,402,000 after buying an additional 105,347 shares during the last quarter. BlackRock Inc. purchased a new position in shares of SK Telecom during the first quarter worth approximately $1,309,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of SK Telecom by 20.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 262,777 shares of the company’s stock worth $5,300,000 after buying an additional 44,256 shares during the last quarter. Institutional investors own 11.19% of the company’s stock.
Shares of SK Telecom Co. (NYSE:SKM) traded down 0.63% during trading on Friday, reaching $22.04. 247,442 shares of the company’s stock were exchanged. SK Telecom Co. has a 52 week low of $17.52 and a 52 week high of $25.54. The company’s 50-day moving average is $22.06 and its 200 day moving average is $20.86. The stock has a market capitalization of $14.02 billion, a PE ratio of 10.47 and a beta of 0.70.
About SK Telecom
SK Telecom Co, Ltd. is a wireless telecommunications service provider. The Company offers the following core services: Cellular voice services; Wireless data services; Broadband Internet, Internet Protocol television (IPTV) and fixed-line telephone services, and New businesses. The Company provides wireless voice transmission and wireless global roaming services.
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