Kathmere Capital Management LLC Makes New Investment in SK Telecom Co., Ltd. (NYSE:SKM)

Kathmere Capital Management LLC bought a new stake in SK Telecom Co., Ltd. (NYSE:SKM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,823 shares of the Wireless communications provider’s stock, valued at approximately $270,000.

Other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SK Telecom in the 3rd quarter valued at about $4,227,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of SK Telecom by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock valued at $55,979,000 after acquiring an additional 98,323 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of SK Telecom during the second quarter valued at approximately $1,570,000. Meritage Portfolio Management lifted its holdings in SK Telecom by 45.6% during the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock worth $4,240,000 after acquiring an additional 55,877 shares during the period. Finally, Millennium Management LLC boosted its position in SK Telecom by 37.5% in the second quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider’s stock worth $3,325,000 after purchasing an additional 43,327 shares during the last quarter.

SK Telecom Stock Performance

Shares of SKM stock opened at $21.17 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The firm’s 50-day simple moving average is $22.09 and its two-hundred day simple moving average is $22.50.

Wall Street Analysts Forecast Growth

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

About SK Telecom

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.