Jane Street Group LLC acquired a new stake in SK Telecom Co Ltd (NYSE:SKM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 36,471 shares of the Wireless communications provider’s stock, valued at approximately $882,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. We Are One Seven LLC acquired a new stake in SK Telecom in the 4th quarter valued at about $190,000. Sawtooth Solutions LLC acquired a new stake in SK Telecom in the 4th quarter valued at about $206,000. Signaturefd LLC acquired a new stake in SK Telecom in the 4th quarter valued at about $233,000. Wealthsource Partners LLC acquired a new stake in SK Telecom in the 4th quarter valued at about $242,000. Finally, LPL Financial LLC acquired a new stake in SK Telecom in the 4th quarter valued at about $264,000. Hedge funds and other institutional investors own 10.95% of the company’s stock.
Separately, ValuEngine lowered shares of SK Telecom from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. SK Telecom has an average rating of “Hold” and a consensus price target of $30.00.
Shares of NYSE SKM opened at $23.32 on Friday. The stock has a market capitalization of $14.81 billion, a PE ratio of 6.37 and a beta of 0.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 0.87. SK Telecom Co Ltd has a 1 year low of $22.66 and a 1 year high of $28.97.
SK Telecom Company Profile
SK Telecom Co, Ltd. provides wireless telecommunications services in South Korea. It offers wireless voice transmission services; cellular global roaming services; and interconnection services to connect its networks to fixed-line and other wireless networks. The company also provides wireless data communication services that allow subscribers to text, graphic, audio, and video messages; and wireless Internet services.
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