Oppenheimer Asset Management Inc. grew its position in shares of SK Telecom Co Ltd (NYSE:SKM) by 4.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 89,423 shares of the Wireless communications provider’s stock after acquiring an additional 3,524 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SK Telecom were worth $2,190,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SKM. Nordea Investment Management AB bought a new position in SK Telecom in the 3rd quarter valued at approximately $82,046,000. BlackRock Inc. lifted its holdings in shares of SK Telecom by 134.7% during the 3rd quarter. BlackRock Inc. now owns 526,716 shares of the Wireless communications provider’s stock valued at $14,685,000 after buying an additional 302,313 shares during the period. Bank of America Corp DE lifted its holdings in shares of SK Telecom by 9.4% during the 4th quarter. Bank of America Corp DE now owns 2,644,585 shares of the Wireless communications provider’s stock valued at $70,874,000 after buying an additional 226,252 shares during the period. LMR Partners LLP lifted its holdings in shares of SK Telecom by 69.6% during the 4th quarter. LMR Partners LLP now owns 494,903 shares of the Wireless communications provider’s stock valued at $13,340,000 after buying an additional 203,170 shares during the period. Finally, Silchester International Investors LLP lifted its holdings in shares of SK Telecom by 1.6% during the 1st quarter. Silchester International Investors LLP now owns 12,271,552 shares of the Wireless communications provider’s stock valued at $300,530,000 after buying an additional 196,115 shares during the period. Hedge funds and other institutional investors own 10.30% of the company’s stock.
Several equities analysts have recently weighed in on the company. Macquarie assumed coverage on SK Telecom in a report on Tuesday. They set an “outperform” rating on the stock. Zacks Investment Research cut SK Telecom from a “hold” rating to a “strong sell” rating in a report on Saturday, April 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. SK Telecom has an average rating of “Hold”.
Shares of NYSE SKM traded down $0.29 during midday trading on Wednesday, hitting $23.67. 280,960 shares of the stock traded hands, compared to its average volume of 399,054. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 5.31 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 1.12. SK Telecom Co Ltd has a one year low of $22.66 and a one year high of $28.56.
COPYRIGHT VIOLATION WARNING: This piece was first published by Sundance Herald and is the sole property of of Sundance Herald. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://sundanceherald.com/2019/05/22/oppenheimer-asset-management-inc-has-2-19-million-position-in-sk-telecom-co-ltd-skm.html.
SK Telecom Profile
SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. It operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission services; cellular global roaming services; interconnection services; Internet of Things solutions; and platform services, as well as sells smartphones and basic phones, tablets and other Internet access devices, and wearable devices.
See Also: How to Invest in Marijuana Stocks
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.