SK Telecom Co., Ltd. (NYSE:SKM) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its position in SK Telecom Co., Ltd. (NYSE:SKM) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 574,229 shares of the Wireless communications provider’s stock after selling 111,828 shares during the period. Nordea Investment Management AB owned 0.13% of SK Telecom worth $12,116,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SKM. GAMMA Investing LLC boosted its holdings in shares of SK Telecom by 27.8% in 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 period. EverSource Wealth Advisors LLC raised its position in 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 valued at $75,000 after purchasing an additional 652 shares during the last quarter. Assetmark Inc. boosted its stake in 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 during the period. First Trust Direct Indexing L.P. grew its position in SK Telecom by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock worth $392,000 after purchasing an additional 1,114 shares during the last quarter. Finally, First Affirmative Financial Network increased its stake in SK Telecom by 11.4% in the third quarter. First Affirmative Financial Network now owns 11,617 shares of the Wireless communications provider’s stock valued at $276,000 after purchasing an additional 1,188 shares during the period.

SK Telecom Stock Performance

Shares of SKM stock opened at $21.23 on Thursday. The company has a market capitalization of $9.37 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $22.28 and its two-hundred day moving average is $22.50. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve month high of $24.58.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research note 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.