The LMR Partners LLP Acquires New Stake in SK Telecom Co. (SKM)

The LMR Partners LLP Acquires New Stake in SK Telecom Co. (SKM)

LMR Partners LLP bought a new stake in shares of SK Telecom Co. (NYSE:SKM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,989 shares of the company’s stock, valued at approximately $502,000.

Several other hedge funds have also recently made changes to their positions in the stock. AXA increased its stake in shares of SK Telecom by 80.3% in the first quarter. AXA now owns 11,000 shares of the company’s stock valued at $222,000 after buying an additional 4,900 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of SK Telecom by 12.9% in the second quarter. Fulton Bank N.A. now owns 23,210 shares of the company’s stock valued at $485,000 after buying an additional 2,654 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of SK Telecom by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 47,214 shares of the company’s stock valued at $952,000 after buying an additional 27,844 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SK Telecom by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 58,061 shares of the company’s stock valued at $1,171,000 after buying an additional 2,844 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in shares of SK Telecom during the first quarter valued at approximately $1,309,000. Institutional investors own 11.19% of the company’s stock.

Shares of SK Telecom Co. (NYSE:SKM) traded down 0.23% during mid-day trading on Wednesday, hitting $21.69. 185,581 shares of the stock traded hands. SK Telecom Co. has a 1-year low of $17.52 and a 1-year high of $25.54. The company’s 50-day moving average price is $21.91 and its 200 day moving average price is $21.03. The company has a market capitalization of $13.80 billion, a PE ratio of 10.22 and a beta of 0.59.

About SK Telecom

SK Telecom Co, Ltd. is a wireless telecommunications service provider. The Company offers the following core services: Cellular voice services; Wireless data services; Broadband Internet, Internet Protocol television (IPTV) and fixed-line telephone services, and New businesses. The Company provides wireless voice transmission and wireless global roaming services.

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