Standard Family Office LLC Acquires Shares of 1,501 SK Telecom Co.,Ltd (NYSE:SKM)

Standard Family Office LLC bought a new stake in shares of SK Telecom Co.,Ltd (NYSE:SKM) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,501 shares of the Wireless communications provider’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sowell Financial Services LLC raised its holdings in SK Telecom Co.,Ltd by 31.0% in the first quarter. Sowell Financial Services LLC now owns 1,660 shares of the Wireless communications provider’s stock worth $51,000 after purchasing an additional 393 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in SK Telecom Co.,Ltd by 9.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,039 shares of the Wireless communications provider’s stock worth $148,000 after purchasing an additional 500 shares in the last quarter. Veriti Management LLC raised its holdings in SK Telecom Co.,Ltd by 1.8% in the first quarter. Veriti Management LLC now owns 33,777 shares of the Wireless communications provider’s stock worth $920,000 after purchasing an additional 600 shares in the last quarter. Scotia Capital Inc. raised its holdings in SK Telecom Co.,Ltd by 2.4% in the fourth quarter. Scotia Capital Inc. now owns 25,940 shares of the Wireless communications provider’s stock worth $635,000 after purchasing an additional 605 shares in the last quarter. Finally, US Bancorp DE raised its holdings in SK Telecom Co.,Ltd by 2.6% in the fourth quarter. US Bancorp DE now owns 26,966 shares of the Wireless communications provider’s stock worth $660,000 after purchasing an additional 690 shares in the last quarter. Institutional investors and hedge funds own 7.63% of the company’s stock.

NYSE SKM opened at $33.05 on Friday. SK Telecom Co.,Ltd has a 12 month low of $18.05 and a 12 month high of $33.26. The stock has a market capitalization of $24.02 billion, a PE ratio of 17.39 and a beta of 1.00. The business has a fifty day moving average of $30.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.07.

Separately, Zacks Investment Research downgraded SK Telecom Co.,Ltd from a “buy” rating to a “hold” rating in a report on Tuesday.

SK Telecom Co.,Ltd Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea and internationally. The Cellular Services segment offers wireless voice and data transmission, cellular global roaming, interconnection, Internet of Things, and platform services, as well as sells smartphones, basic phones, tablets and other Internet access devices, and wearable devices.

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Institutional Ownership by Quarter for SK Telecom Co.,Ltd (NYSE:SKM)

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