SK Telecom Co., Ltd. (NYSE:SKM) Stock Holdings Reduced by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC reduced its position in SK Telecom Co., Ltd. (NYSE:SKM) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 74,817 shares of the Wireless communications provider’s stock after selling 862 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in SK Telecom were worth $1,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKM. GAMMA Investing LLC boosted its holdings in SK Telecom by 27.8% in the third 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of SK Telecom by 104.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 1,372 shares in the last quarter. Assetmark Inc. lifted its holdings in SK Telecom by 57.6% in 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 last quarter. Ariadne Wealth Management LP bought a new stake in SK Telecom during the second quarter worth approximately $127,000. Finally, PDS Planning Inc acquired a new position in SK Telecom during the third quarter valued at approximately $200,000.

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.

SK Telecom Stock Performance

SKM opened at $22.29 on Friday. The stock’s 50 day moving average price is $23.22 and its two-hundred day moving average price is $22.17. The firm has a market capitalization of $9.84 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 2.11 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month 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.