Ethic Inc. Purchases 4,801 Shares of SK Telecom Co.,Ltd (NYSE:SKM)

Ethic Inc. increased its position in shares of SK Telecom Co.,Ltd (NYSE:SKM) by 19.1% during the 2nd quarter, Holdings Channel reports. The firm owned 29,998 shares of the Wireless communications provider’s stock after acquiring an additional 4,801 shares during the period. Ethic Inc.’s holdings in SK Telecom Co.,Ltd were worth $942,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SKM. BlackRock Inc. raised its position in shares of SK Telecom Co.,Ltd by 106.5% during the 1st quarter. BlackRock Inc. now owns 2,404,856 shares of the Wireless communications provider’s stock valued at $65,484,000 after purchasing an additional 1,240,107 shares during the period. Cullen Capital Management LLC raised its position in shares of SK Telecom Co.,Ltd by 972.6% during the 1st quarter. Cullen Capital Management LLC now owns 433,645 shares of the Wireless communications provider’s stock valued at $11,808,000 after purchasing an additional 393,215 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of SK Telecom Co.,Ltd during the 1st quarter valued at $8,833,000. Canada Pension Plan Investment Board bought a new stake in shares of SK Telecom Co.,Ltd during the 1st quarter valued at $5,773,000. Finally, Todd Asset Management LLC bought a new stake in shares of SK Telecom Co.,Ltd during the 2nd quarter valued at $3,455,000. Hedge funds and other institutional investors own 7.51% of the company’s stock.

Shares of NYSE SKM opened at $28.51 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market cap of $20.72 billion, a P/E ratio of 10.11 and a beta of 0.96. The firm’s fifty day moving average is $29.39 and its two-hundred day moving average is $29.42. SK Telecom Co.,Ltd has a 52-week low of $20.98 and a 52-week high of $33.59.

SK Telecom Co.,Ltd (NYSE:SKM) last announced its quarterly earnings results on Wednesday, August 11th. The Wireless communications provider reported $1.06 earnings per share (EPS) for the quarter. The company had revenue of $4.30 billion for the quarter. SK Telecom Co.,Ltd had a net margin of 11.16% and a return on equity of 8.79%. As a group, analysts forecast that SK Telecom Co.,Ltd will post 2.89 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of SK Telecom Co.,Ltd from a “buy” rating to a “hold” rating in a research report on Thursday, August 12th.

SK Telecom Co.,Ltd Company Profile

SK Telecom Co, Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.

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

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