Cozad Asset Management Inc. Takes Position in SK Telecom Co Ltd (NYSE:SKM)

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Cozad Asset Management Inc. bought a new position in SK Telecom Co Ltd (NYSE:SKM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 10,298 shares of the Wireless communications provider’s stock, valued at approximately $199,000.

Other institutional investors also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. increased its position in SK Telecom by 1.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 80,407 shares of the Wireless communications provider’s stock worth $1,969,000 after buying an additional 1,100 shares in the last quarter. Geode Capital Management LLC raised its stake in SK Telecom by 57.2% during the 4th quarter. Geode Capital Management LLC now owns 14,686 shares of the Wireless communications provider’s stock worth $339,000 after acquiring an additional 5,346 shares during the period. CWM LLC raised its stake in SK Telecom by 1,376.7% during the 1st quarter. CWM LLC now owns 1,905 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,776 shares during the period. Brinker Capital Inc. lifted its holdings in SK Telecom by 217.1% during the first quarter. Brinker Capital Inc. now owns 31,349 shares of the Wireless communications provider’s stock valued at $510,000 after purchasing an additional 21,464 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of SK Telecom by 696.0% in the first quarter. UBS Group AG now owns 160,085 shares of the Wireless communications provider’s stock worth $2,605,000 after purchasing an additional 139,974 shares during the period. 9.09% of the stock is currently owned by institutional investors.

SKM has been the subject of several recent analyst reports. Zacks Investment Research raised shares of SK Telecom from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Saturday, August 8th. ValuEngine lowered SK Telecom from a “sell” rating to a “strong sell” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $23.00.

SKM opened at $21.76 on Thursday. The firm has a 50-day simple moving average of $20.44 and a two-hundred day simple moving average of $19.28. SK Telecom Co Ltd has a 52 week low of $14.07 and a 52 week high of $23.80. The company has a market capitalization of $15.83 billion, a PE ratio of 20.34 and a beta of 0.73. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.43.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Thursday, August 6th. The Wireless communications provider reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $3.77 billion for the quarter. SK Telecom had a return on equity of 3.84% and a net margin of 5.13%. As a group, sell-side analysts expect that SK Telecom Co Ltd will post 1.65 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

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