Teachers Retirement System of The State of Kentucky lifted its holdings in SK Telecom Co Ltd (NYSE:SKM) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,000 shares of the Wireless communications provider’s stock after buying an additional 7,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in SK Telecom were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of SKM. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of SK Telecom in the third quarter worth about $101,000. FNY Managed Accounts LLC purchased a new position in shares of SK Telecom in the third quarter worth about $119,000. Fieldpoint Private Securities LLC purchased a new position in shares of SK Telecom in the third quarter worth about $122,000. Bessemer Group Inc. lifted its stake in shares of SK Telecom by 66.9% in the third quarter. Bessemer Group Inc. now owns 7,569 shares of the Wireless communications provider’s stock worth $186,000 after buying an additional 3,033 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in SK Telecom during the third quarter worth about $200,000. 11.16% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on SKM shares. Zacks Investment Research cut shares of SK Telecom from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday, January 5th. Morgan Stanley restated an “equal weight” rating on shares of SK Telecom in a research report on Thursday, January 11th. CLSA cut shares of SK Telecom from an “outperform” rating to an “underperform” rating in a research report on Wednesday, January 24th. ValuEngine upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Finally, Macquarie cut shares of SK Telecom from an “outperform” rating to a “neutral” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.00.
SK Telecom stock traded down $0.15 during midday trading on Friday, hitting $24.07. 602,603 shares of the stock were exchanged, compared to its average volume of 519,782. SK Telecom Co Ltd has a fifty-two week low of $23.01 and a fifty-two week high of $28.97. The stock has a market cap of $15,297.57, a P/E ratio of 6.58 and a beta of 0.47. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.
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About SK Telecom
SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.
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