Sanctuary Advisors LLC Acquires 2,295 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Sanctuary Advisors LLC lifted its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,043 shares of the Wireless communications provider’s stock after purchasing an additional 2,295 shares during the period. Sanctuary Advisors LLC’s holdings in SK Telecom were worth $570,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in SK Telecom by 27.8% in the 3rd 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 in the last quarter. Assetmark Inc. grew its stake in SK Telecom by 57.6% in the third 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 increased its holdings in 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 period. Ariadne Wealth Management LP bought a new stake in SK Telecom during the 2nd quarter valued at $127,000. Finally, PDS Planning Inc purchased a new stake in shares of SK Telecom in the 3rd quarter worth $200,000.

SK Telecom Price Performance

Shares of SKM opened at $21.66 on Thursday. The stock has a market capitalization of $9.56 billion, a PE ratio of 10.03, a PEG ratio of 2.11 and a beta of 0.78. The company has a 50 day moving average price of $22.64 and a 200-day moving average price of $22.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.91. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58.

Analyst Upgrades and Downgrades

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

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.