Macquarie Group Ltd. boosted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,733,747 shares of the Wireless communications provider’s stock after purchasing an additional 975,732 shares during the period. Macquarie Group Ltd. owned about 1.37% of SK Telecom Co. worth $214,761,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in SK Telecom Co. by 68.6% during the 2nd quarter. Bessemer Group Inc. now owns 4,536 shares of the Wireless communications provider’s stock valued at $116,000 after purchasing an additional 1,845 shares during the last quarter. Rational Advisors LLC purchased a new stake in SK Telecom Co. in the 2nd quarter valued at about $139,000. Cypress Capital Management LLC WY purchased a new stake in SK Telecom Co. in the 2nd quarter valued at about $145,000. Picton Mahoney Asset Management purchased a new stake in SK Telecom Co. in the 2nd quarter valued at about $194,000. Finally, Stevens Capital Management LP purchased a new stake in SK Telecom Co. in the 3rd quarter valued at about $200,000. Institutional investors own 11.80% of the company’s stock.
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Several research firms have issued reports on SKM. Zacks Investment Research cut shares of SK Telecom Co. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub cut shares of SK Telecom Co. from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, The Goldman Sachs Group, Inc. raised shares of SK Telecom Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.00.
SK Telecom Co., Ltd. (NYSE:SKM) traded up $0.55 during trading on Friday, reaching $26.03. 357,200 shares of the company’s stock traded hands, compared to its average volume of 557,719. The stock has a market cap of $16,193.69, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.95. SK Telecom Co., Ltd. has a 12 month low of $20.44 and a 12 month high of $28.13.
About SK Telecom Co.
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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