Pathstone Holdings LLC Has $1.50 Million Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

Pathstone Holdings LLC lifted its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,990 shares of the Wireless communications provider’s stock after purchasing 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.

Several other hedge funds have also recently bought and sold shares of the business. Natixis Advisors LLC increased its holdings in shares of SK Telecom by 36.9% during the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock valued at $2,309,000 after acquiring an additional 26,206 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of SK Telecom by 64.2% in the second quarter. Dimensional Fund Advisors LP now owns 62,780 shares of the Wireless communications provider’s stock valued at $1,314,000 after purchasing an additional 24,538 shares during the period. Simplicity Wealth LLC lifted its stake in shares of SK Telecom by 14.3% in the second quarter. Simplicity Wealth LLC now owns 22,643 shares of the Wireless communications provider’s stock worth $474,000 after buying an additional 2,827 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of SK Telecom by 100.8% during the 3rd quarter. QRG Capital Management Inc. now owns 48,004 shares of the Wireless communications provider’s stock worth $1,141,000 after buying an additional 24,103 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in SK Telecom by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock valued at $55,979,000 after buying an additional 98,323 shares during the last quarter.

Wall Street Analyst Weigh In

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

SK Telecom Price Performance

Shares of NYSE SKM opened at $24.27 on Friday. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $23.03 and its two-hundred day moving average is $22.31.

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.