SK Telecom Co Ltd (SKM) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its stake in SK Telecom Co Ltd (NYSE:SKM) by 110.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,459 shares of the Wireless communications provider’s stock after purchasing an additional 13,876 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in SK Telecom were worth $651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SKM. Goldman Sachs Group Inc. boosted its position in 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 acquiring an additional 155,076 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SK Telecom by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock worth $90,471,000 after acquiring an additional 271,434 shares during the last quarter. FMR LLC boosted its position in 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 acquiring an additional 63,700 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in SK Telecom by 18.4% during 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 acquiring an additional 26,728 shares during the last quarter. Finally, Pekin Singer Strauss Asset Management IL boosted its position in SK Telecom by 2.8% during the third quarter. Pekin Singer Strauss Asset Management IL now owns 726,889 shares of the Wireless communications provider’s stock worth $17,874,000 after acquiring an additional 19,749 shares during the last quarter. Institutional investors and hedge funds own 11.40% of the company’s stock.

SK Telecom Co Ltd (NYSE:SKM) opened at $28.25 on Monday. 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 52 week low of $20.44 and a 52 week high of $28.37. The company has a market cap of $17,807.97, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.12 and a beta of 0.42.

A number of equities analysts recently weighed in on the stock. Citigroup upgraded shares of SK Telecom from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of SK Telecom from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.00.

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About SK Telecom

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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