Schwab Charles Investment Management Inc. increased its stake in SK Telecom Co Ltd (NYSE:SKM) by 10.1% in the third quarter, HoldingsChannel reports. The firm owned 189,271 shares of the Wireless communications provider’s stock after acquiring an additional 17,368 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in SK Telecom were worth $4,655,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in SKM. Arrowstreet Capital Limited Partnership increased its holdings in shares of SK Telecom by 121.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,329,928 shares of the Wireless communications provider’s stock valued at $59,809,000 after purchasing an additional 1,275,825 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of SK Telecom by 12.6% in the 3rd quarter. Macquarie Group Ltd. now owns 8,733,747 shares of the Wireless communications provider’s stock valued at $214,761,000 after purchasing an additional 975,732 shares in the last quarter. Kempen Capital Management N.V. purchased a new position in shares of SK Telecom in the 2nd quarter valued at about $23,868,000. Assetmark Inc. purchased a new position in shares of SK Telecom in the 3rd quarter valued at about $12,985,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of SK Telecom by 147.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 799,408 shares of the Wireless communications provider’s stock valued at $19,657,000 after purchasing an additional 476,072 shares in the last quarter. Institutional investors and hedge funds own 11.40% of the company’s stock.
SK Telecom Co Ltd (NYSE:SKM) opened at $27.52 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. SK Telecom Co Ltd has a twelve month low of $20.94 and a twelve month high of $28.76. The firm has a market cap of $20,220.00, a PE ratio of 7.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.42.
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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.
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