Pathstone Holdings LLC Acquires 1,412 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Pathstone Holdings LLC increased its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,990 shares of the Wireless communications provider’s stock after acquiring an additional 1,412 shares during the period. Pathstone Holdings LLC’s holdings in SK Telecom were worth $1,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in SK Telecom during the first quarter valued at approximately $3,364,000. EverSource Wealth Advisors LLC boosted its stake in SK Telecom by 104.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 1,372 shares in the last quarter. Simplicity Wealth LLC grew its position in SK Telecom by 14.3% in the second quarter. Simplicity Wealth LLC now owns 22,643 shares of the Wireless communications provider’s stock valued at $474,000 after acquiring an additional 2,827 shares during the period. QRG Capital Management Inc. raised its stake in SK Telecom by 17.5% during the second quarter. QRG Capital Management Inc. now owns 23,901 shares of the Wireless communications provider’s stock worth $500,000 after acquiring an additional 3,558 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of SK Telecom in the 2nd quarter valued at $322,000.

SK Telecom Price Performance

Shares of SKM opened at $24.27 on Friday. SK Telecom Co., Ltd. has a one year low of $19.88 and a one year high of $24.58. The business’s 50 day simple moving average is $23.03 and its 200-day simple moving average is $22.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95.

Analysts Set New Price Targets

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

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.