Fmr LLC Boosts Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

Fmr LLC raised its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 158.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,102 shares of the Wireless communications provider’s stock after buying an additional 32,549 shares during the quarter. Fmr LLC’s holdings in SK Telecom were worth $1,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in SK Telecom by 27.8% during the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of SK Telecom by 24.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock worth $75,000 after purchasing an additional 652 shares in the last quarter. Raymond James & Associates grew its stake in SK Telecom by 0.8% during the 2nd quarter. Raymond James & Associates now owns 90,116 shares of the Wireless communications provider’s stock worth $1,886,000 after buying an additional 729 shares during the last quarter. Assetmark Inc. increased its position in SK Telecom by 57.6% during the 3rd 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 in the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in SK Telecom by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock valued at $392,000 after buying an additional 1,114 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

SK Telecom Stock Down 0.0 %

NYSE:SKM opened at $22.18 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58. The firm has a fifty day simple moving average of $22.77 and a 200-day simple moving average of $22.44.

SK Telecom Company 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.