Bluestein R H & Co. Maintains Position in SK Telecom Co., Ltd. (SKM)

Bluestein R H & Co. maintained its stake in SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,000 shares of the company’s stock at the end of the fourth quarter. Bluestein R H & Co.’s holdings in SK Telecom Co. were worth $523,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Hexavest Inc. boosted its stake in SK Telecom Co. by 13.9% in the third quarter. Hexavest Inc. now owns 620,851 shares of the company’s stock valued at $14,031,000 after buying an additional 75,799 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of SK Telecom Co. by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 110,419 shares of the company’s stock worth $2,495,000 after buying an additional 6,658 shares during the last quarter. Royal Bank of Canada boosted its position in shares of SK Telecom Co. by 7.1% in the second quarter. Royal Bank of Canada now owns 43,646 shares of the company’s stock worth $912,000 after buying an additional 2,875 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of SK Telecom Co. by 11.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 135,268 shares of the company’s stock worth $2,830,000 after buying an additional 14,272 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of SK Telecom Co. by 3.5% in the second quarter. Legal & General Group Plc now owns 471,263 shares of the company’s stock worth $9,864,000 after buying an additional 15,900 shares during the last quarter. 11.35% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SK Telecom Co., Ltd. (NYSE:SKM) traded up 0.45% during trading on Tuesday, reaching $22.28. 360,723 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $21.42 and its 200-day moving average price is $21.75. SK Telecom Co., Ltd. has a 52-week low of $18.93 and a 52-week high of $23.17.

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Separately, Macquarie cut shares of SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 25th.

About SK Telecom Co.

SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.

5 Day Chart for NYSE:SKM

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