Ladenburg Thalmann Financial Services Inc. Buys 5,555 Shares of SK Telecom Co Ltd (SKM)

Ladenburg Thalmann Financial Services Inc. lifted its stake in SK Telecom Co Ltd (NYSE:SKM) by 125.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,974 shares of the Wireless communications provider’s stock after buying an additional 5,555 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in SK Telecom were worth $279,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SKM. Silchester International Investors LLP boosted its holdings in SK Telecom by 1.3% during the 4th quarter. Silchester International Investors LLP now owns 14,555,550 shares of the Wireless communications provider’s stock valued at $406,245,000 after acquiring an additional 193,674 shares during the period. Oldfield Partners LLP boosted its holdings in SK Telecom by 2.1% during the 4th quarter. Oldfield Partners LLP now owns 2,792,924 shares of the Wireless communications provider’s stock valued at $77,950,000 after acquiring an additional 57,250 shares during the period. BlackRock Inc. boosted its holdings in SK Telecom by 7.5% during the 4th quarter. BlackRock Inc. now owns 2,160,092 shares of the Wireless communications provider’s stock valued at $60,289,000 after acquiring an additional 150,003 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in SK Telecom by 12.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,373,261 shares of the Wireless communications provider’s stock valued at $33,768,000 after acquiring an additional 153,976 shares during the period. Finally, LSV Asset Management boosted its holdings in SK Telecom by 2.5% during the 4th quarter. LSV Asset Management now owns 1,252,606 shares of the Wireless communications provider’s stock valued at $34,960,000 after acquiring an additional 30,200 shares during the period. Hedge funds and other institutional investors own 11.16% of the company’s stock.

Shares of NYSE SKM opened at $24.16 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market cap of $15,342.06, a price-to-earnings ratio of 6.60 and a beta of 0.47. SK Telecom Co Ltd has a twelve month low of $23.01 and a twelve month high of $28.97.



A number of research firms recently issued reports on SKM. Zacks Investment Research upgraded SK Telecom from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, January 23rd. CLSA cut SK Telecom from an “outperform” rating to an “underperform” rating in a report on Wednesday, January 24th. Morgan Stanley restated an “equal weight” rating on shares of SK Telecom in a report on Thursday, January 11th. Macquarie cut SK Telecom from an “outperform” rating to a “neutral” rating in a report on Friday, February 23rd. Finally, ValuEngine upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. SK Telecom has a consensus rating of “Hold” and a consensus target price of $30.00.

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SK Telecom Company Profile

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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Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

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