Amerigo Asset Management continued to hold its stake in SK Telecom Co., Ltd. (NYSE:SKM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,603,576 shares of the Wireless communications provider’s stock at the end of the second quarter. SK Telecom Co. makes up approximately 4.6% of Amerigo Asset Management’s investment portfolio, making the stock its 6th largest position. Amerigo Asset Management owned about 0.22% of SK Telecom Co. worth $41,164,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of SK Telecom Co. by 68.6% in the second quarter. Bessemer Group Inc. now owns 4,536 shares of the Wireless communications provider’s stock worth $116,000 after buying an additional 1,845 shares in the last quarter. Cypress Capital Management LLC WY acquired a new position in shares of SK Telecom Co. during the second quarter worth $145,000. Mirador Capital Partners LP acquired a new position in shares of SK Telecom Co. during the first quarter worth $203,000. Paloma Partners Management Co acquired a new position in shares of SK Telecom Co. during the first quarter worth $203,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of SK Telecom Co. during the first quarter worth $223,000. Institutional investors own 11.87% of the company’s stock.

SK Telecom Co., Ltd. (SKM) opened at 27.25 on Wednesday. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 9.81 and a beta of 0.35. The firm has a 50-day moving average price of $26.00 and a 200-day moving average price of $24.17. SK Telecom Co., Ltd. has a 52 week low of $20.44 and a 52 week high of $28.13.

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A number of equities analysts have weighed in on SKM shares. BidaskClub upgraded SK Telecom Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. 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. Zacks Investment Research lowered SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Credit Suisse Group lowered SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 30th. Finally, Citigroup Inc. restated a “neutral” rating on shares of SK Telecom Co. in a research note on Monday, April 24th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price 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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