Cerity Partners LLC Boosts Position in SK Telecom Co., Ltd. (NYSE:SKM)

Cerity Partners LLC increased its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,601 shares of the Wireless communications provider’s stock after buying an additional 6,863 shares during the period. Cerity Partners LLC’s holdings in SK Telecom were worth $441,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in SK Telecom by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,122,698 shares of the Wireless communications provider’s stock worth $24,026,000 after buying an additional 12,097 shares during the period. Bleakley Financial Group LLC increased its position in SK Telecom by 43.7% during the 4th quarter. Bleakley Financial Group LLC now owns 18,228 shares of the Wireless communications provider’s stock valued at $390,000 after purchasing an additional 5,539 shares during the period. DekaBank Deutsche Girozentrale increased its position in SK Telecom by 1.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 83,450 shares of the Wireless communications provider’s stock valued at $1,715,000 after purchasing an additional 980 shares during the period. Blue Trust Inc. increased its position in SK Telecom by 31.5% during the 4th quarter. Blue Trust Inc. now owns 16,225 shares of the Wireless communications provider’s stock valued at $348,000 after purchasing an additional 3,888 shares during the period. Finally, Schechter Investment Advisors LLC purchased a new position in SK Telecom during the 4th quarter valued at about $256,000.

SK Telecom Stock Performance

Shares of SK Telecom stock opened at $20.50 on Friday. The firm’s 50 day moving average price is $21.47 and its 200-day moving average price is $21.24. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.61. SK Telecom Co., Ltd. has a 52-week low of $18.52 and a 52-week high of $22.71.

Analysts Set New Price Targets

A number of research analysts have commented on SKM shares. Nomura reissued a “reduce” rating on shares of SK Telecom in a research report on Monday, February 5th. StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.