Natixis Advisors LLC Grows Position in SK Telecom Co., Ltd. (NYSE:SKM)

Natixis Advisors LLC increased its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 36.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,156 shares of the Wireless communications provider’s stock after purchasing an additional 26,206 shares during the quarter. Natixis Advisors LLC’s holdings in SK Telecom were worth $2,309,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in SK Telecom by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock valued at $55,979,000 after buying an additional 98,323 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of SK Telecom by 8.2% during the 2nd quarter. Acadian Asset Management LLC now owns 304,541 shares of the Wireless communications provider’s stock valued at $6,373,000 after acquiring an additional 23,033 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of SK Telecom by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 260,416 shares of the Wireless communications provider’s stock worth $5,615,000 after buying an additional 930 shares in the last quarter. Meritage Portfolio Management raised its position in SK Telecom by 45.6% during the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock valued at $4,240,000 after purchasing an additional 55,877 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of SK Telecom by 5.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 165,220 shares of the Wireless communications provider’s stock valued at $3,458,000 after purchasing an additional 9,200 shares during the last quarter.

Wall Street Analyst Weigh In

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

SK Telecom Price Performance

SKM stock opened at $22.78 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58. The stock has a market cap of $10.06 billion, a PE ratio of 10.55, a P/E/G ratio of 2.16 and a beta of 0.77. The company has a 50-day moving average price of $23.08 and a 200 day moving average price of $22.25.

SK Telecom 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.