Kathmere Capital Management LLC Purchases Shares of 12,823 SK Telecom Co., Ltd. (NYSE:SKM)

Kathmere Capital Management LLC acquired a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,823 shares of the Wireless communications provider’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in SK Telecom by 27.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after purchasing an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of SK Telecom by 24.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock worth $75,000 after buying an additional 652 shares during the period. Assetmark Inc. raised its stake in SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in SK Telecom by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock valued at $392,000 after buying an additional 1,114 shares during the period. Finally, First Affirmative Financial Network grew its holdings in SK Telecom by 11.4% during the 3rd quarter. First Affirmative Financial Network now owns 11,617 shares of the Wireless communications provider’s stock worth $276,000 after acquiring an additional 1,188 shares during the period.

SK Telecom Stock Down 0.2 %

Shares of NYSE SKM opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The company’s fifty day simple moving average is $22.09 and its 200 day simple moving average is $22.50. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month high of $24.58.

Analyst Ratings Changes

Separately, StockNews.com raised 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.