Bleakley Financial Group LLC Buys 5,539 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Bleakley Financial Group LLC lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 43.7% in the fourth quarter, HoldingsChannel reports. The fund owned 18,228 shares of the Wireless communications provider’s stock after acquiring an additional 5,539 shares during the period. Bleakley Financial Group LLC’s holdings in SK Telecom were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its stake in shares of SK Telecom by 1.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 83,450 shares of the Wireless communications provider’s stock valued at $1,715,000 after acquiring an additional 980 shares during the period. Blue Trust Inc. grew its stake in shares of SK Telecom by 31.5% during the 4th quarter. Blue Trust Inc. now owns 16,225 shares of the Wireless communications provider’s stock valued at $348,000 after acquiring an additional 3,888 shares during the period. Schechter Investment Advisors LLC bought a new position in shares of SK Telecom during the 4th quarter valued at approximately $256,000. Etesian Wealth Advisors Inc. grew its stake in shares of SK Telecom by 2.3% during the 4th quarter. Etesian Wealth Advisors Inc. now owns 26,115 shares of the Wireless communications provider’s stock valued at $560,000 after acquiring an additional 576 shares during the period. Finally, Walleye Capital LLC bought a new position in shares of SK Telecom during the 3rd quarter valued at approximately $256,000.

SK Telecom Price Performance

SKM stock opened at $20.01 on Monday. SK Telecom Co., Ltd. has a 1-year low of $18.52 and a 1-year high of $22.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 0.94. The business has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $21.28.

Analyst Ratings Changes

A number of research analysts recently issued reports on SKM shares. Nomura reiterated a “reduce” rating on shares of SK Telecom in a research note on Monday, February 5th. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th.

SK Telecom 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.