Millennium Management LLC Buys 43,327 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Millennium Management LLC increased its holdings in SK Telecom Co., Ltd. (NYSE:SKMFree Report) by 37.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,866 shares of the Wireless communications provider’s stock after acquiring an additional 43,327 shares during the quarter. Millennium Management LLC’s holdings in SK Telecom were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in SK Telecom by 474.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,106 shares of the Wireless communications provider’s stock worth $238,000 after acquiring an additional 9,171 shares during the period. Green Alpha Advisors LLC raised its holdings in SK Telecom by 19.8% in the first quarter. Green Alpha Advisors LLC now owns 58,544 shares of the Wireless communications provider’s stock worth $1,262,000 after purchasing an additional 9,673 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of SK Telecom by 63.6% during the first quarter. DGS Capital Management LLC now owns 155,930 shares of the Wireless communications provider’s stock worth $3,362,000 after acquiring an additional 60,591 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew 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 worth $845,000 after acquiring an additional 9,445 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in SK Telecom by 3.3% in 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 buying an additional 37,186 shares during the last quarter.

SK Telecom Price Performance

NYSE SKM opened at $23.08 on Tuesday. The business has a fifty day moving average of $23.32 and a 200-day moving average of $21.85. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95.

SK Telecom (NYSE:SKMGet Free Report) last announced its earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 8.94% and a net margin of 6.52%. The firm had revenue of $3.22 billion for the quarter. Equities research analysts predict that SK Telecom Co., Ltd. will post 2.29 earnings per share for the current year.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on SKM

SK Telecom Profile

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

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