Sanctuary Advisors LLC Invests $469,000 in SK Telecom Co., Ltd. (NYSE:SKM)

Sanctuary Advisors LLC acquired a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,748 shares of the Wireless communications provider's stock, valued at approximately $469,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of SK Telecom by 474.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,106 shares of the Wireless communications provider's stock valued at $238,000 after acquiring an additional 9,171 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of SK Telecom by 63.6% in the 1st quarter. DGS Capital Management LLC now owns 155,930 shares of the Wireless communications provider's stock worth $3,362,000 after purchasing an additional 60,591 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of SK Telecom by 31.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 39,199 shares of the Wireless communications provider's stock valued at $845,000 after purchasing an additional 9,445 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of SK Telecom by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,159,884 shares of the Wireless communications provider's stock valued at $25,007,000 after purchasing an additional 37,186 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in SK Telecom during the first quarter valued at approximately $216,000.

SK Telecom Stock Down 1.6 %

SK Telecom stock traded down $0.38 during trading hours on Thursday, reaching $22.67. The stock had a trading volume of 397,589 shares, compared to its average volume of 275,320. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.98. The business's 50 day moving average price is $23.37 and its 200-day moving average price is $21.87.

SK Telecom (NYSE:SKM - Get Free Report) last posted its earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 EPS for the quarter. The company had revenue of $3.22 billion during the quarter. SK Telecom had a net margin of 6.52% and a return on equity of 8.94%. As a group, equities analysts anticipate that SK Telecom Co., Ltd. will post 2.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised SK Telecom from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 7th.

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.