OxFORD Asset Management LLP trimmed its position in SK Telecom Co., Ltd. (NYSE:SKM) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,540 shares of the Wireless communications provider’s stock after selling 7,234 shares during the period. OxFORD Asset Management LLP’s holdings in SK Telecom were worth $1,562,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in SK Telecom by 108.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 114,232 shares of the Wireless communications provider’s stock valued at $2,809,000 after buying an additional 59,406 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in SK Telecom by 10.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 189,271 shares of the Wireless communications provider’s stock valued at $4,655,000 after buying an additional 17,368 shares during the last quarter. Commonwealth Bank of Australia grew its position in SK Telecom by 12.7% in the 3rd quarter. Commonwealth Bank of Australia now owns 194,934 shares of the Wireless communications provider’s stock valued at $4,789,000 after buying an additional 22,000 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in SK Telecom in the 3rd quarter valued at $119,000. Finally, Eagle Asset Management Inc. purchased a new position in SK Telecom in the 3rd quarter valued at $231,000. Hedge funds and other institutional investors own 11.41% of the company’s stock.

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

SK Telecom Co., Ltd. (SKM) opened at $28.20 on Monday. The stock has a market capitalization of $17,922.37, a price-to-earnings ratio of 10.07, a PEG ratio of 1.16 and a beta of 0.42. 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 one year low of $20.44 and a one year high of $28.33.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/12/18/oxford-asset-management-llp-has-1-56-million-position-in-sk-telecom-co-ltd-skm.html.

SK Telecom 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.

Want to see what other hedge funds are holding SKM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SK Telecom Co., Ltd. (NYSE:SKM).

Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

Receive News & Stock Ratings for SK Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom and related stocks with our FREE daily email newsletter.