Jenkins Wealth Purchases Shares of 48,537 SK Telecom Co.,Ltd (NYSE:SKM)

Jenkins Wealth acquired a new stake in shares of SK Telecom Co.,Ltd (NYSE:SKM – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,537 shares of the Wireless communications provider’s stock, valued at approximately $999,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC raised its position in shares of SK Telecom Co.,Ltd by 145.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,552 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 920 shares during the period. Captrust Financial Advisors raised its position in SK Telecom Co.,Ltd by 1,039.0% in the first quarter. Captrust Financial Advisors now owns 1,196 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,091 shares during the period. Wipfli Financial Advisors LLC purchased a new position in SK Telecom Co.,Ltd in the third quarter valued at about $44,000. Group One Trading L.P. raised its position in SK Telecom Co.,Ltd by 69.8% in the first quarter. Group One Trading L.P. now owns 2,043 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 840 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in shares of SK Telecom Co.,Ltd by 548.3% during the third quarter. Hexagon Capital Partners LLC now owns 3,261 shares of the Wireless communications provider’s stock valued at $63,000 after acquiring an additional 2,758 shares in the last quarter. Hedge funds and other institutional investors own 4.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SKM shares. StockNews.com started coverage on SK Telecom Co.,Ltd in a research note on Thursday. They set a “buy” rating for the company. Nomura downgraded SK Telecom Co.,Ltd from a “buy” rating to a “neutral” rating in a research note on Thursday, February 9th.

SK Telecom Co.,Ltd Stock Down 1.0 %

NYSE:SKM opened at $20.02 on Friday. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 55.61 and a beta of 0.73. SK Telecom Co.,Ltd has a one year low of $18.26 and a one year high of $28.10. The stock has a 50-day simple moving average of $20.34 and a 200 day simple moving average of $20.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.88 and a current ratio of 0.90.

About SK Telecom Co.,Ltd

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SK Telecom Co, Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.