Quantinno Capital Management LP raised its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM – Free Report) by 149.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 235,221 shares of the Wireless communications provider’s stock after acquiring an additional 140,858 shares during the period. Quantinno Capital Management LP’s holdings in SK Telecom were worth $6,890,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of SK Telecom in the 4th quarter valued at about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in SK Telecom in the 4th quarter worth approximately $30,000. Wexford Capital LP bought a new stake in SK Telecom in the third quarter valued at approximately $39,000. Matthews International Capital Management LLC boosted its stake in shares of SK Telecom by 50.4% during the fourth quarter. Matthews International Capital Management LLC now owns 2,491 shares of the Wireless communications provider’s stock valued at $51,000 after purchasing an additional 835 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of SK Telecom in the first quarter worth approximately $85,000.
SK Telecom Trading Up 0.2%
NYSE:SKM opened at $34.88 on Thursday. SK Telecom Co., Ltd. has a 12 month low of $19.66 and a 12 month high of $47.18. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $34.81 and a 200-day moving average price of $33.07. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 58.14, a P/E/G ratio of 0.21 and a beta of 0.64.
Analyst Ratings Changes
A number of equities research analysts recently commented on SKM shares. HSBC upgraded shares of SK Telecom from a “reduce” rating to a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised shares of SK Telecom from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 16th. Zacks Research upgraded shares of SK Telecom from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings downgraded SK Telecom from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.
SK Telecom Company Profile
SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.
Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.
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