SK Telecom Co., Ltd. (NYSE:SKM) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC grew its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 212,324 shares of the Wireless communications provider’s stock after purchasing an additional 27,173 shares during the quarter. SK Telecom comprises 1.4% of DGS Capital Management LLC’s portfolio, making the stock its 9th biggest holding. DGS Capital Management LLC’s holdings in SK Telecom were worth $5,047,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SKM. Sanctuary Advisors LLC raised its stake in SK Telecom by 10.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,043 shares of the Wireless communications provider’s stock valued at $570,000 after purchasing an additional 2,295 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of SK Telecom during the third quarter valued at about $343,000. Orion Portfolio Solutions LLC lifted its stake in shares of SK Telecom by 18.2% in the third quarter. Orion Portfolio Solutions LLC now owns 80,974 shares of the Wireless communications provider’s stock valued at $1,925,000 after buying an additional 12,455 shares during the period. State Street Corp grew its position in SK Telecom by 1.4% during the third quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock worth $4,979,000 after buying an additional 2,883 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in SK Telecom by 92.2% in the 3rd quarter. Quantinno Capital Management LP now owns 51,828 shares of the Wireless communications provider’s stock valued at $1,232,000 after acquiring an additional 24,857 shares in the last quarter.

Wall Street Analysts Forecast Growth

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 Price Performance

Shares of SK Telecom stock traded up $0.27 during midday trading on Friday, hitting $22.12. 40,942 shares of the company were exchanged, compared to its average volume of 269,146. The firm has a 50 day simple moving average of $22.84 and a 200-day simple moving average of $22.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.97 and a quick ratio of 0.94. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58.

SK Telecom Company 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.