Crossmark Global Holdings Inc. boosted its holdings in shares of SK Telecom Co.,Ltd (NYSE:SKM – Get Rating) by 22.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,691 shares of the Wireless communications provider's stock after buying an additional 2,133 shares during the period. Crossmark Global Holdings Inc.'s holdings in SK Telecom Co.,Ltd were worth $299,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Artemis Investment Management LLP boosted its stake in shares of SK Telecom Co.,Ltd by 75.9% in the 1st quarter. Artemis Investment Management LLP now owns 126,189 shares of the Wireless communications provider's stock valued at $3,223,000 after purchasing an additional 54,432 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SK Telecom Co.,Ltd by 57.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 141,384 shares of the Wireless communications provider's stock valued at $3,624,000 after purchasing an additional 51,764 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of SK Telecom Co.,Ltd in the 1st quarter valued at $1,236,000. Pacer Advisors Inc. boosted its stake in shares of SK Telecom Co.,Ltd by 189.0% in the 1st quarter. Pacer Advisors Inc. now owns 71,512 shares of the Wireless communications provider's stock valued at $1,833,000 after purchasing an additional 46,770 shares in the last quarter. Finally, Henry James International Management Inc. boosted its stake in shares of SK Telecom Co.,Ltd by 82.2% in the 1st quarter. Henry James International Management Inc. now owns 66,675 shares of the Wireless communications provider's stock valued at $1,709,000 after purchasing an additional 30,077 shares in the last quarter. Institutional investors and hedge funds own 5.70% of the company's stock.
Get SK Telecom Co.Ltd alerts:SK Telecom Co.,Ltd Stock Performance
SK Telecom Co.,Ltd stock opened at $21.54 on Friday. The stock has a 50-day simple moving average of $22.36 and a 200 day simple moving average of $24.43. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.61. SK Telecom Co.,Ltd has a 12-month low of $20.95 and a 12-month high of $48.47. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 10.52 and a beta of 0.73.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of SK Telecom Co.,Ltd from a "buy" rating to a "hold" rating in a research note on Wednesday, August 24th.SK Telecom Co.,Ltd Company Profile
(Get Rating)
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, and metaverse platform-based services, as well as sells wireless devices.
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