Rockefeller Capital Management L.P. Acquires Shares of 35,409 SK Telecom Co Ltd (NYSE:SKM)

Rockefeller Capital Management L.P. acquired a new stake in shares of SK Telecom Co Ltd (NYSE:SKM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,409 shares of the Wireless communications provider’s stock, valued at approximately $867,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Icon Wealth Partners LLC acquired a new position in shares of SK Telecom in the 1st quarter valued at approximately $36,000. Brandywine Oak Private Wealth LLC increased its position in SK Telecom by 92.3% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 11,376 shares of the Wireless communications provider’s stock worth $278,000 after buying an additional 5,461 shares during the period. Parametric Portfolio Associates LLC increased its position in SK Telecom by 2.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,098,972 shares of the Wireless communications provider’s stock worth $51,404,000 after buying an additional 55,036 shares during the period. Wetherby Asset Management Inc. increased its position in shares of SK Telecom by 3.4% in the first quarter. Wetherby Asset Management Inc. now owns 33,269 shares of the Wireless communications provider’s stock worth $814,000 after purchasing an additional 1,088 shares during the period. Finally, Freestone Capital Holdings LLC increased its position in shares of SK Telecom by 94.2% in the first quarter. Freestone Capital Holdings LLC now owns 42,766 shares of the Wireless communications provider’s stock worth $1,047,000 after purchasing an additional 20,744 shares during the period. 10.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE SKM traded down $0.03 during trading on Monday, reaching $24.72. 193,100 shares of the stock traded hands, compared to its average volume of 379,466. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.02. SK Telecom Co Ltd has a 52-week low of $22.71 and a 52-week high of $28.56. The stock has a market cap of $15.69 billion, a PE ratio of 5.54 and a beta of 0.29. The firm has a 50-day moving average of $24.09.

Several research firms recently weighed in on SKM. Zacks Investment Research raised SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Macquarie began coverage on SK Telecom in a research report on Tuesday, May 21st. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy”.

SK Telecom Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. It operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission services; cellular global roaming services; interconnection services; Internet of Things solutions; and platform services, as well as sells smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

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

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