Ronald Blue Trust Inc. Purchases 10,041 Shares of SK Telecom Co.,Ltd (NYSE:SKM)

Posted by Defense World Staff on Mar 25th, 2023

Ronald Blue Trust Inc. boosted its position in shares of SK Telecom Co.,Ltd (NYSE:SKM – Get Rating) by 108.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,269 shares of the Wireless communications provider’s stock after acquiring an additional 10,041 shares during the period. Ronald Blue Trust Inc.’s holdings in SK Telecom Co.,Ltd were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jenkins Wealth bought a new stake in SK Telecom Co.,Ltd during the 4th quarter worth approximately $999,000. Jane Street Group LLC raised its position in shares of SK Telecom Co.,Ltd by 261.5% during the third quarter. Jane Street Group LLC now owns 131,176 shares of the Wireless communications provider’s stock valued at $2,585,000 after buying an additional 94,890 shares during the last quarter. Thomas White International Ltd. raised its position in shares of SK Telecom Co.,Ltd by 43.0% during the third quarter. Thomas White International Ltd. now owns 320,284 shares of the Wireless communications provider’s stock valued at $6,168,000 after buying an additional 96,235 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of SK Telecom Co.,Ltd during the third quarter valued at approximately $499,000. Finally, Neuberger Berman Group LLC raised its position in shares of SK Telecom Co.,Ltd by 64.6% during the third quarter. Neuberger Berman Group LLC now owns 161,617 shares of the Wireless communications provider’s stock valued at $3,095,000 after buying an additional 63,418 shares during the last quarter. Institutional investors own 4.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of SK Telecom Co.,Ltd in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Nomura cut shares of SK Telecom Co.,Ltd from a “buy” rating to a “neutral” rating in a research report on Thursday, February 9th.

SK Telecom Co.,Ltd Trading Up 1.9 %

Shares of SKM opened at $21.07 on Friday. The company’s fifty day moving average is $20.35 and its 200 day moving average is $20.33. SK Telecom Co.,Ltd has a fifty-two week low of $18.26 and a fifty-two week high of $28.10. The stock has a market capitalization of $9.30 billion, a PE ratio of 58.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.88 and a current ratio of 0.90.

SK Telecom Co.,Ltd Profile

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SK Telecom Co, Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.