Oldfield Partners LLP Raises Stake in SK Telecom Co Ltd (SKM)

Oldfield Partners LLP lifted its holdings in shares of SK Telecom Co Ltd (NYSE:SKM) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,792,924 shares of the Wireless communications provider’s stock after purchasing an additional 57,250 shares during the quarter. SK Telecom accounts for approximately 5.9% of Oldfield Partners LLP’s portfolio, making the stock its 7th largest position. Oldfield Partners LLP owned about 0.44% of SK Telecom worth $77,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of SK Telecom by 87.4% during the second quarter. Goldman Sachs Group Inc. now owns 332,588 shares of the Wireless communications provider’s stock worth $8,538,000 after purchasing an additional 155,076 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of SK Telecom during the third quarter worth about $1,066,000. FMR LLC grew its holdings in shares of SK Telecom by 3.7% during the second quarter. FMR LLC now owns 1,764,724 shares of the Wireless communications provider’s stock worth $45,300,000 after purchasing an additional 63,700 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in SK Telecom by 18.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 171,903 shares of the Wireless communications provider’s stock worth $4,413,000 after buying an additional 26,728 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in SK Telecom in the second quarter worth approximately $323,000. 11.40% of the stock is owned by institutional investors.

Several brokerages have issued reports on SKM. Morgan Stanley reaffirmed an “equal weight” rating on shares of SK Telecom in a research note on Thursday, January 11th. Zacks Investment Research raised SK Telecom from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, November 8th. Finally, Citigroup raised SK Telecom from a “neutral” rating to a “buy” rating in a research note on Friday, December 1st. Three 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 currently has an average rating of “Buy” and a consensus target price of $31.00.

Shares of SK Telecom Co Ltd (SKM) traded down $0.26 on Wednesday, reaching $27.54. The company’s stock had a trading volume of 575,500 shares, compared to its average volume of 493,490. The stock has a market capitalization of $17,668.15, a price-to-earnings ratio of 8.01, a P/E/G ratio of 1.08 and a beta of 0.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 0.94. SK Telecom Co Ltd has a 1-year low of $20.94 and a 1-year high of $28.76.

SK Telecom (NYSE:SKM) last issued its earnings results on Monday, November 6th. The Wireless communications provider reported $1.10 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 15.04% and a net margin of 14.23%. equities research analysts anticipate that SK Telecom Co Ltd will post 3.22 EPS for the current year.

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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.

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

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