Assetmark Inc. Acquires 1,078 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Assetmark Inc. grew its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 57.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,949 shares of the Wireless communications provider’s stock after acquiring an additional 1,078 shares during the period. Assetmark Inc.’s holdings in SK Telecom were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after buying an additional 488 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $55,000 after buying an additional 1,372 shares during the period. Ariadne Wealth Management LP bought a new position in SK Telecom in the 2nd quarter worth $127,000. PDS Planning Inc bought a new position in SK Telecom in the 3rd quarter worth $200,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in SK Telecom in the 3rd quarter worth $205,000.

Wall Street Analyst Weigh In

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

SK Telecom Stock Performance

Shares of SKM stock opened at $22.23 on Tuesday. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $23.22 and its two-hundred day simple moving average is $22.20.

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.