JHL Capital Group LLC maintained its stake in SK Telecom Co., Ltd. (NYSE:SKM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,300,000 shares of the Wireless communications provider’s stock at the close of the second quarter. SK Telecom Co. comprises about 6.6% of JHL Capital Group LLC’s investment portfolio, making the stock its 4th largest position. JHL Capital Group LLC owned approximately 0.20% of SK Telecom Co. worth $33,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of SK Telecom Co. by 8.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock valued at $90,471,000 after acquiring an additional 271,434 shares during the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of SK Telecom Co. by 0.5% during the 2nd quarter. Manning & Napier Advisors LLC now owns 88,748 shares of the Wireless communications provider’s stock valued at $2,278,000 after acquiring an additional 438 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of SK Telecom Co. by 13.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 67,139 shares of the Wireless communications provider’s stock valued at $1,723,000 after acquiring an additional 7,835 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of SK Telecom Co. by 22.3% during the 1st quarter. Bank of America Corp DE now owns 2,647,702 shares of the Wireless communications provider’s stock valued at $66,670,000 after acquiring an additional 483,598 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in shares of SK Telecom Co. by 85.7% during the 2nd quarter. Greenleaf Trust now owns 16,731 shares of the Wireless communications provider’s stock valued at $429,000 after acquiring an additional 7,723 shares during the last quarter. 11.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of SK Telecom Co., Ltd. (NYSE SKM) traded down 0.36% during mid-day trading on Friday, reaching $24.64. The company had a trading volume of 500,300 shares. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 8.84 and a beta of 0.35. The firm’s 50-day moving average is $24.72 and its 200 day moving average is $25.02. SK Telecom Co., Ltd. has a 12 month low of $20.44 and a 12 month high of $28.13.

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A number of brokerages have recently commented on SKM. BidaskClub raised SK Telecom Co. from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded SK Telecom Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. SK Telecom Co. has a consensus rating of “Hold” and a consensus price target of $32.00.

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

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