SK Telecom Co., Ltd. (NYSE:SKM) Stock Position Decreased by Bleakley Financial Group LLC

Bleakley Financial Group LLC lessened its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 21.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,807 shares of the Wireless communications provider’s stock after selling 5,171 shares during the period. Bleakley Financial Group LLC’s holdings in SK Telecom were worth $396,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Millennium Management LLC boosted its stake in SK Telecom by 37.5% during the 2nd quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider’s stock valued at $3,325,000 after purchasing an additional 43,327 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of SK Telecom in the 2nd quarter worth approximately $469,000. GAMMA Investing LLC lifted its stake in shares of SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after acquiring an additional 488 shares during the period. Ritholtz Wealth Management lifted its stake in shares of SK Telecom by 49.2% in the 3rd quarter. Ritholtz Wealth Management now owns 48,164 shares of the Wireless communications provider’s stock worth $1,145,000 after acquiring an additional 15,878 shares during the period. Finally, CHICAGO TRUST Co NA acquired a new stake in shares of SK Telecom in the 3rd quarter worth approximately $253,000.

SK Telecom Trading Up 0.5 %

Shares of NYSE:SKM opened at $21.26 on Tuesday. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.92 and a beta of 0.80. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The company has a 50 day moving average price of $21.66 and a 200 day moving average price of $22.54.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 1st.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.