Natixis Advisors LLC Purchases 26,206 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Natixis Advisors LLC grew its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 36.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,156 shares of the Wireless communications provider’s stock after buying an additional 26,206 shares during the quarter. Natixis Advisors LLC’s holdings in SK Telecom were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in SK Telecom by 27.8% during the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after acquiring an additional 488 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 worth $55,000 after buying an additional 1,372 shares during the last quarter. Assetmark Inc. grew its position in SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after buying an additional 1,078 shares during the period. Ariadne Wealth Management LP purchased a new stake in SK Telecom during the second quarter worth about $127,000. Finally, PDS Planning Inc bought a new stake in SK Telecom in the third quarter worth about $200,000.

SK Telecom Stock Up 0.5 %

SK Telecom stock opened at $22.78 on Monday. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 2.16 and a beta of 0.77. 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 firm has a 50 day simple moving average of $23.08 and a 200 day simple moving average of $22.25.

Analyst Upgrades and Downgrades

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

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.