Veriti Management LLC lowered its stake in shares of SK Telecom Co.,Ltd (NYSE:SKM – Get Rating) by 26.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,906 shares of the Wireless communications provider's stock after selling 9,001 shares during the period. Veriti Management LLC's holdings in SK Telecom Co.,Ltd were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Green Alpha Advisors LLC raised its position in shares of SK Telecom Co.,Ltd by 53.8% during the first quarter. Green Alpha Advisors LLC now owns 25,381 shares of the Wireless communications provider's stock valued at $651,000 after buying an additional 8,876 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of SK Telecom Co.,Ltd during the first quarter valued at approximately $432,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SK Telecom Co.,Ltd by 140.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 438,795 shares of the Wireless communications provider's stock valued at $11,246,000 after buying an additional 256,306 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of SK Telecom Co.,Ltd by 86.4% during the first quarter. Mercer Global Advisors Inc. ADV now owns 20,141 shares of the Wireless communications provider's stock valued at $516,000 after buying an additional 9,336 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its position in shares of SK Telecom Co.,Ltd by 12.2% during the second quarter. 180 Wealth Advisors LLC now owns 11,465 shares of the Wireless communications provider's stock valued at $259,000 after buying an additional 1,248 shares during the last quarter. Institutional investors own 5.70% of the company's stock.
Get SK Telecom Co.Ltd alerts:Analyst Ratings Changes
Separately, StockNews.com cut shares of SK Telecom Co.,Ltd from a "buy" rating to a "hold" rating in a research report on Wednesday, August 24th.
SK Telecom Co.,Ltd Trading Down 3.4 %
Shares of SKM opened at $19.81 on Wednesday. The company's fifty day moving average is $21.43 and its 200 day moving average is $23.80. SK Telecom Co.,Ltd has a fifty-two week low of $19.73 and a fifty-two week high of $48.47. The stock has a market capitalization of $8.75 billion, a PE ratio of 9.72 and a beta of 0.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 0.93.About SK Telecom Co.,Ltd
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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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