Bessemer Group Inc. grew its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 66.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,569 shares of the Wireless communications provider’s stock after buying an additional 3,033 shares during the period. Bessemer Group Inc.’s holdings in SK Telecom Co. were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oldfield Partners LLP lifted its holdings in SK Telecom Co. by 6.6% during the 3rd quarter. Oldfield Partners LLP now owns 2,735,674 shares of the Wireless communications provider’s stock worth $67,270,000 after buying an additional 169,500 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of SK Telecom Co. during the third quarter worth about $200,000. Crossmark Global Holdings Inc. acquired a new stake in shares of SK Telecom Co. during the third quarter worth about $605,000. Aperio Group LLC increased its position in shares of SK Telecom Co. by 5.4% during the third quarter. Aperio Group LLC now owns 852,954 shares of the Wireless communications provider’s stock worth $20,974,000 after purchasing an additional 43,680 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of SK Telecom Co. during the third quarter worth about $2,385,000. 11.86% of the stock is owned by institutional investors.
A number of analysts have recently commented on SKM shares. Zacks Investment Research upgraded SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, August 1st. BidaskClub cut SK Telecom Co. from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.00.
SK Telecom Co. 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.
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