Ritholtz Wealth Management lifted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM – Free Report) by 13.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,838 shares of the Wireless communications provider’s stock after buying an additional 6,674 shares during the quarter. Ritholtz Wealth Management’s holdings in SK Telecom were worth $1,154,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in SKM. GAMMA Investing LLC raised 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 worth $53,000 after acquiring an additional 488 shares during the last quarter. Assetmark Inc. increased its stake in shares of SK Telecom by 57.6% during the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after purchasing an additional 1,078 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 worth $75,000 after purchasing an additional 652 shares during the last quarter. Ariadne Wealth Management LP purchased a new stake in SK Telecom in the 2nd quarter valued at approximately $127,000. Finally, PDS Planning Inc acquired a new stake in SK Telecom during the 3rd quarter valued at $200,000.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.
SK Telecom Stock Performance
NYSE:SKM opened at $21.41 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $22.51. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58.
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.
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