Simplicity Solutions LLC Has $390,000 Position in SK Telecom Co., Ltd. (NYSE:SKM)

Simplicity Solutions LLC increased its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 43.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,228 shares of the Wireless communications provider’s stock after buying an additional 5,539 shares during the period. Simplicity Solutions LLC’s holdings in SK Telecom were worth $390,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its holdings in shares of SK Telecom by 1,039.0% during the first quarter. Captrust Financial Advisors now owns 1,196 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,091 shares during the period. Matthews International Capital Management LLC bought a new stake in shares of SK Telecom in the 3rd quarter valued at about $30,000. Tower Research Capital LLC TRC increased its stake in shares of SK Telecom by 2,170.6% in the third quarter. Tower Research Capital LLC TRC now owns 1,544 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 1,476 shares during the period. Group One Trading L.P. raised its position in shares of SK Telecom by 69.8% during the first quarter. Group One Trading L.P. now owns 2,043 shares of the Wireless communications provider’s stock worth $52,000 after acquiring an additional 840 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of SK Telecom in the third quarter worth approximately $87,000.

SK Telecom Trading Up 0.2 %

Shares of SKM stock opened at $20.12 on Friday. 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. The firm has a 50 day moving average of $21.55 and a 200-day moving average of $21.23.

Analysts Set New Price Targets

Several research firms have issued reports on SKM. StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Nomura restated a “reduce” rating on shares of SK Telecom in a report on Monday, February 5th.

SK Telecom Profile

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.