Simplicity Solutions LLC Buys 5,539 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Simplicity Solutions LLC boosted its position in SK Telecom Co., Ltd. (NYSE:SKM) by 43.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,228 shares of the Wireless communications provider’s stock after acquiring an additional 5,539 shares during the quarter. Simplicity Solutions LLC’s holdings in SK Telecom were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SKM. Robeco Institutional Asset Management B.V. boosted its stake in shares of SK Telecom by 3.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,638,616 shares of the Wireless communications provider’s stock valued at $35,165,000 after purchasing an additional 53,557 shares in the last quarter. BlackRock Inc. lifted its stake in SK Telecom by 47.6% in the first quarter. BlackRock Inc. now owns 1,316,978 shares of the Wireless communications provider’s stock worth $33,754,000 after purchasing an additional 424,441 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in SK Telecom by 602.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,229,982 shares of the Wireless communications provider’s stock valued at $25,227,000 after buying an additional 1,054,990 shares during the period. Allspring Global Investments Holdings LLC boosted its position in SK Telecom by 1.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,122,698 shares of the Wireless communications provider’s stock valued at $24,026,000 after buying an additional 12,097 shares during the period. Finally, Morgan Stanley grew its stake in shares of SK Telecom by 7.2% during the third quarter. Morgan Stanley now owns 941,663 shares of the Wireless communications provider’s stock valued at $20,208,000 after buying an additional 63,396 shares during the last quarter.

SK Telecom Trading Up 0.2 %

Shares of SKM opened at $20.12 on Friday. SK Telecom Co., Ltd. has a twelve month low of $18.52 and a twelve month high of $22.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a fifty day simple moving average of $21.55 and a two-hundred day simple moving average of $21.23.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SKM. Nomura reissued a “reduce” rating on shares of SK Telecom in a research note on Monday, February 5th. StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

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.