Renaissance Group Has Increased Sk Telecom LTD (SKM) Holding; As Att (T) Valuation Declined, Shareholder Janney Capital Management Has Decreased Position

February 19, 2018 - By Darrin Black

Janney Capital Management Llc decreased its stake in Att Inc (T) by 2.56% based on its latest 2017Q3 regulatory filing with the SEC. Janney Capital Management Llc sold 22,928 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 871,568 shares of the telecommunications equipment company at the end of 2017Q3, valued at $34.14M, down from 894,496 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in Att Inc for a number of months, seems to be less bullish one the $228.00B market cap company. The stock increased 0.38% or $0.14 during the last trading session, reaching $37.14. About 19.90M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 19, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Renaissance Group Llc increased its stake in Sk Telecom Ltd (SKM) by 4.25% based on its latest 2017Q3 regulatory filing with the SEC. Renaissance Group Llc bought 26,261 shares as the company’s stock rose 11.01% with the market. The institutional investor held 644,106 shares of the public utilities company at the end of 2017Q3, valued at $15.84M, up from 617,845 at the end of the previous reported quarter. Renaissance Group Llc who had been investing in Sk Telecom Ltd for a number of months, seems to be bullish on the $15.48 billion market cap company. The stock increased 0.40% or $0.1 during the last trading session, reaching $25.4. About 292,905 shares traded. SK Telecom Co., Ltd. (NYSE:SKM) has risen 24.69% since February 19, 2017 and is uptrending. It has outperformed by 7.99% the S&P500.

Among 5 analysts covering SK Telecom (NYSE:SKM), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. SK Telecom had 5 analyst reports since November 2, 2015 according to SRatingsIntel. As per Monday, October 24, the company rating was upgraded by CLSA. JP Morgan downgraded the shares of SKM in report on Monday, November 2 to “Neutral” rating. The stock has “Buy” rating by Citigroup on Friday, December 1. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, October 25 report. HSBC downgraded the shares of SKM in report on Wednesday, April 27 to “Hold” rating.

Renaissance Group Llc, which manages about $2.91 billion US Long portfolio, decreased its stake in Infineon Technologies Ag by 14,042 shares to 793,786 shares, valued at $19.96 million in 2017Q3, according to the filing. It also reduced its holding in Caterpillar Inc (NYSE:CAT) by 2,583 shares in the quarter, leaving it with 11,457 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

Janney Capital Management Llc, which manages about $3.30 billion and $2.32B US Long portfolio, upped its stake in Allergan Plc by 12,585 shares to 82,087 shares, valued at $16.82 million in 2017Q3, according to the filing. It also increased its holding in Wsdmtre Euro Hdgd Eq Etf (HEDJ) by 645,753 shares in the quarter, for a total of 2.32 million shares, and has risen its stake in Pimco Active Bd Etf (BOND).

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