Dynamic Technology Lab Private Ltd Takes $611,000 Position in SK Telecom Co., Ltd. (NYSE:SKM)

Dynamic Technology Lab Private Ltd bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,701 shares of the Wireless communications provider’s stock, valued at approximately $611,000.

Several other large investors have also recently bought and sold shares of the stock. Citigroup Inc. boosted its holdings in shares of SK Telecom by 0.3% during the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock worth $19,298,000 after acquiring an additional 2,737 shares during the period. Landscape Capital Management L.L.C. bought a new stake in SK Telecom in the 3rd quarter valued at $1,022,000. Advisors Asset Management Inc. acquired a new position in SK Telecom in the 3rd quarter valued at $237,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in SK Telecom during the 3rd quarter worth $4,227,000. Finally, Caprock Group LLC lifted its holdings in shares of SK Telecom by 19.5% during the third quarter. Caprock Group LLC now owns 22,603 shares of the Wireless communications provider’s stock worth $537,000 after buying an additional 3,692 shares in the last quarter.

Analyst Ratings Changes

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.

SK Telecom Stock Performance

SK Telecom stock opened at $24.27 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.98. The stock’s fifty day moving average price is $23.03 and its two-hundred day moving average price is $22.31. SK Telecom Co., Ltd. has a one year low of $19.88 and a one year high of $24.58.

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.