Raymond James & Associates Lowers Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Raymond James & Associates lowered its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 6.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 108,559 shares of the Wireless communications provider’s stock after selling 7,636 shares during the period. Raymond James & Associates’ holdings in SK Telecom were worth $2,323,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SKM. Matthews International Capital Management LLC purchased a new stake in SK Telecom during the third quarter worth $30,000. Captrust Financial Advisors lifted its holdings in shares of SK Telecom by 1,039.0% during the 1st quarter. Captrust Financial Advisors now owns 1,196 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,091 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of SK Telecom by 2,170.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,544 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 1,476 shares during the last quarter. Group One Trading L.P. lifted its holdings in shares of SK Telecom by 69.8% during the 1st quarter. Group One Trading L.P. now owns 2,043 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 840 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of SK Telecom by 105.9% during the 1st quarter. Atlas Capital Advisors LLC now owns 4,182 shares of the Wireless communications provider’s stock valued at $86,000 after purchasing an additional 2,151 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Nomura reiterated a “reduce” rating on shares of SK Telecom in a report on Monday, February 5th. StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 20th.

SK Telecom Trading Up 0.1 %

Shares of SKM opened at $20.04 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $21.65 and a 200-day moving average price of $21.27. SK Telecom Co., Ltd. has a 12 month low of $18.52 and a 12 month high of $22.71.

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.