Acadian Asset Management LLC increased its stake in SK Telecom Co. Ltd (NYSE: SKM) by 46.3% during the third quarter, according to the company in the latest 13F filing with the SEC. The institutional investor owns 397,454 shares of the shares of the wireless communications provider after acquiring an additional 125,792 shares during the quarter. Acadian Asset Management LLC owns about 0.06% of SK Telecom worth 11,080,000 dollars since its latest filing with the SEC.
Several other institutional investors have also recently changed their stakes in the company. Sterling Capital Management LLC increased its position in SK Telecom by 25.4% in the second quarter. Sterling Capital Management LLC now owns 11,882 shares of wireless communications worth $ 277,000 after purchasing an additional 2,409 shares during the last quarter. PNC Financial Services Group Inc. increased its position in SK Telecom by 86.9% in the second quarter. PNC Financial Services Group Inc. now owns 8.141 shares of the wireless communications operator's worth of $ 189,000 after buying back 3,786 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in SK Telecom by 43.0% in the second quarter. Massachusetts Financial Services Co-OU is now the owner of 14,764 shares of Wireless Communications Provider worth $ 344,000 after purchasing an additional 4,438 shares during the last quarter. Atria Investments LLC increased its position in the SK Telecom by 18.2% in the second quarter. Atria Investments LLC now owns 30,263 shares of wireless communications worth 706,000 dollars after redeeming 4,656 shares during the last quarter. Finally, Reilly Financial Advisors LLC increased its position in SK Telecom by 2.3% in the third quarter. Really Financial Advisors LLC now owns 247,039 shares of wireless communications worth 6,887,000 dollars after purchasing an additional 5,495 shares during the last quarter. Institutional investors and hedge funds own 10.42% of the company's shares.
Separately, HSBC upgraded SK Telekom's rating from "holding" to a rating "buy" in a survey report on Friday, October 26th. A security research analyst rated the stock with a rating for sale, the three have issued a rating for waiting, two have issued a buying rating and one has indicated a strong rating to buy the shares. The company has an average rating of "holding" and an average target price of $ 30.00.
Stock shares of SK Telecom traded on Tuesday for $ 0.16, reaching $ 27.06. The company had a volume of 1,060,800 shares, compared to its average volume of 487,353. The company has a debt-equity ratio of 0.32, an ongoing ratio of 1.36 and a quick ratio of 1.31. The stock has a market capitalization of 17.33 billion dollars, a ratio of PE to 7.39, a price-to-earnings ratio of 0.40 and beta to 0.48. SK Telecom Co. Ltd has a 52-week low of $ 22.66 and a 52-week high of $ 28.97.
SK Telecom (NYSE: SKM) recently released its quarterly earnings data on Friday, September 14th. The wireless communications provider announced earnings of $ 1.33 per share (EPS) for a quarter. The business had revenues of $ 3.86 billion during the quarter. SK Telecom had a net margin of 18.28% and a return on equity of 20.22%. On average, analysts predict that SK Telecom Co. Ltd will publish 4.21 earnings per share for the current fiscal year.
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Profile of the company SK Telecom
SK Telekom Co., Ltd. provides wireless telecommunications services in South Korea. The company operates in four segments: Mobile services, telecommunication services with fixed telephony, e-commerce services and other businesses. The mobile services segment offers wireless voice transmission and data transmission services; mobile roaming services; interconnection services to connect their networks with fixed and other wireless networks; Internet of things solutions; and platform services, and sells wireless devices, including smartphones and basic phones, tablets and other Internet access devices and worn-out devices.
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