Lenox Wealth Management Inc. Buys 545 Shares of SK Telecom Co Ltd (NYSE:SKM)

Lenox Wealth Management Inc. grew its stake in SK Telecom Co Ltd (NYSE:SKM) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,454 shares of the Wireless communications provider’s stock after acquiring an additional 545 shares during the quarter. Lenox Wealth Management Inc.’s holdings in SK Telecom were worth $676,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mondrian Investment Partners LTD bought a new position in SK Telecom in the third quarter valued at about $41,000. Atlas Capital Advisors LLC boosted its stake in shares of SK Telecom by 6.9% during the third quarter. Atlas Capital Advisors LLC now owns 29,559 shares of the Wireless communications provider’s stock valued at $656,000 after purchasing an additional 1,908 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of SK Telecom by 1.7% during the third quarter. Wetherby Asset Management Inc. now owns 35,989 shares of the Wireless communications provider’s stock valued at $799,000 after purchasing an additional 599 shares in the last quarter. BB&T Corp boosted its stake in shares of SK Telecom by 6.5% during the third quarter. BB&T Corp now owns 44,040 shares of the Wireless communications provider’s stock valued at $977,000 after purchasing an additional 2,675 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of SK Telecom by 16.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 10,558 shares of the Wireless communications provider’s stock valued at $234,000 after purchasing an additional 1,456 shares in the last quarter. 10.39% of the stock is owned by institutional investors.

Shares of SK Telecom stock traded down $0.10 during midday trading on Friday, reaching $23.26. The company had a trading volume of 204,246 shares, compared to its average volume of 358,161. The stock has a fifty day moving average price of $22.37 and a 200 day moving average price of $23.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.02. The firm has a market cap of $14.96 billion, a PE ratio of 5.22 and a beta of 0.35. SK Telecom Co Ltd has a fifty-two week low of $21.22 and a fifty-two week high of $28.56.

SKM has been the topic of a number of recent research reports. ValuEngine lowered SK Telecom from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research raised SK Telecom from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Wednesday. Morgan Stanley raised SK Telecom from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. raised SK Telecom from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $26.00.

About SK Telecom

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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