Envestnet Asset Management Inc. increased its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,641 shares of the Wireless communications provider’s stock after buying an additional 3,526 shares during the period. Envestnet Asset Management Inc.’s holdings in SK Telecom were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SKM. Macquarie Group Ltd. raised its position in SK Telecom by 12.6% during the third quarter. Macquarie Group Ltd. now owns 8,733,747 shares of the Wireless communications provider’s stock valued at $214,761,000 after purchasing an additional 975,732 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SK Telecom by 8.3% in the second quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock worth $90,471,000 after purchasing an additional 271,434 shares during the last quarter. Oldfield Partners LLP grew its stake in shares of SK Telecom by 6.6% in the third quarter. Oldfield Partners LLP now owns 2,735,674 shares of the Wireless communications provider’s stock worth $67,270,000 after purchasing an additional 169,500 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of SK Telecom by 121.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,329,928 shares of the Wireless communications provider’s stock worth $59,809,000 after purchasing an additional 1,275,825 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of SK Telecom by 0.7% in the second quarter. Janus Henderson Group PLC now owns 1,934,540 shares of the Wireless communications provider’s stock worth $49,689,000 after purchasing an additional 12,625 shares during the last quarter. Institutional investors own 11.41% of the company’s stock.

Shares of SK Telecom Co., Ltd. (NYSE SKM) traded up $0.63 during trading on Thursday, hitting $27.94. 925,400 shares of the company traded hands, compared to its average volume of 555,663. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. SK Telecom Co., Ltd. has a one year low of $20.44 and a one year high of $28.21. The company has a market capitalization of $17,356.73, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.42.

Several analysts recently weighed in on SKM shares. Zacks Investment Research raised shares of SK Telecom from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, November 8th. Citigroup raised shares of SK Telecom from a “neutral” rating to a “buy” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $29.00.

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SK Telecom 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 (NYSE:SKM)

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