DekaBank Deutsche Girozentrale Has $1.72 Million Stock Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

DekaBank Deutsche Girozentrale lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 83,450 shares of the Wireless communications provider’s stock after buying an additional 980 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SK Telecom were worth $1,715,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its stake in SK Telecom by 602.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,229,982 shares of the Wireless communications provider’s stock worth $25,227,000 after purchasing an additional 1,054,990 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in SK Telecom by 744.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 671,890 shares of the Wireless communications provider’s stock worth $14,996,000 after purchasing an additional 592,279 shares in the last quarter. BlackRock Inc. raised its stake in SK Telecom by 71.8% in the 1st quarter. BlackRock Inc. now owns 1,193,354 shares of the Wireless communications provider’s stock worth $24,476,000 after purchasing an additional 498,677 shares in the last quarter. Ramirez Asset Management Inc. acquired a new stake in SK Telecom in the 3rd quarter worth about $8,165,000. Finally, Federated Hermes Inc. acquired a new stake in SK Telecom in the 1st quarter worth about $7,100,000.

SK Telecom Stock Down 3.6 %

SKM stock opened at $20.01 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.92. SK Telecom Co., Ltd. has a 12 month low of $18.52 and a 12 month high of $22.71. The company’s 50-day moving average price is $21.67 and its two-hundred day moving average price is $21.28.

Analyst Ratings Changes

Several analysts have weighed in on SKM shares. StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th. Nomura reissued a “reduce” rating on shares of SK Telecom in a report on Monday, February 5th.

SK Telecom Company Profile

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.