Manning & Napier Group LLC Has $2.56 Million Holdings in SK Telecom Co Ltd (SKM)

Manning & Napier Group LLC raised its stake in shares of SK Telecom Co Ltd (NYSE:SKM) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,687 shares of the Wireless communications provider’s stock after purchasing an additional 5,804 shares during the quarter. Manning & Napier Group LLC’s holdings in SK Telecom were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB bought a new stake in shares of SK Telecom in the 3rd quarter worth approximately $82,046,000. FMR LLC purchased a new position in SK Telecom during the 3rd quarter valued at $19,334,000. Sensato Investors LLC purchased a new stake in shares of SK Telecom in the 3rd quarter worth about $12,305,000. Macquarie Group Ltd. grew its position in shares of SK Telecom by 4.2% in the 3rd quarter. Macquarie Group Ltd. now owns 9,637,496 shares of the Wireless communications provider’s stock worth $268,693,000 after buying an additional 387,490 shares during the period. Finally, BlackRock Inc. grew its position in shares of SK Telecom by 134.7% in the 3rd quarter. BlackRock Inc. now owns 526,716 shares of the Wireless communications provider’s stock worth $14,685,000 after buying an additional 302,313 shares during the period. Institutional investors and hedge funds own 10.80% of the company’s stock.

A number of equities analysts recently issued reports on SKM shares. Zacks Investment Research cut shares of SK Telecom from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Nomura raised shares of SK Telecom from a “neutral” rating to a “buy” rating in a report on Friday, December 7th. Finally, HSBC upgraded SK Telecom from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. SK Telecom currently has a consensus rating of “Hold”.

Shares of SK Telecom stock opened at $25.65 on Monday. SK Telecom Co Ltd has a 12 month low of $22.66 and a 12 month high of $28.56. The firm has a market cap of $16.30 billion, a PE ratio of 7.01, a PEG ratio of 0.84 and a beta of 0.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.49 and a current ratio of 1.53.

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SK Telecom Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice transmission and data transmission services; cellular global roaming services; interconnection services to connect its networks to fixed-line and other wireless networks; Internet of Things solutions; and platform services, as well as sells wireless devices, including 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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