Nordea Investment Management AB reduced its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,229 shares of the Wireless communications provider's stock after selling 111,828 shares during the quarter. Nordea Investment Management AB owned 0.13% of SK Telecom worth $12,116,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider's stock worth $53,000 after purchasing an additional 488 shares in the last quarter. Assetmark Inc. boosted its stake in SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider's stock valued at $70,000 after buying an additional 1,078 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of SK Telecom by 24.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider's stock valued at $75,000 after acquiring an additional 652 shares during the last quarter. Ariadne Wealth Management LP purchased a new position in SK Telecom in the 2nd quarter worth approximately $127,000. Finally, PDS Planning Inc purchased a new stake in SK Telecom during the third quarter valued at about $200,000.
SK Telecom Price Performance
SKM stock remained flat at $21.23 during trading on Thursday. 192,030 shares of the company traded hands, compared to its average volume of 199,066. SK Telecom Co., Ltd. has a one year low of $19.88 and a one year high of $24.58. The stock has a market capitalization of $9.37 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The stock has a 50-day simple moving average of $22.25 and a 200 day simple moving average of $22.49. The company has a current ratio of 0.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 16th.
Check Out Our Latest Stock Analysis on SK Telecom
About SK Telecom
(
Free Report)
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.
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