D Orazio & Associates Inc. Acquires New Shares in SK Telecom Co., Ltd. (NYSE:SKM)

D Orazio & Associates Inc. bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,433 shares of the Wireless communications provider’s stock, valued at approximately $200,000.

Several other institutional investors also recently bought and sold shares of SKM. GAMMA Investing LLC raised its stake in shares of SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of SK Telecom by 104.7% in the first 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. boosted its holdings in shares of SK Telecom by 57.6% during the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares during the period. Ariadne Wealth Management LP bought a new position in SK Telecom in the 2nd quarter worth $127,000. Finally, PDS Planning Inc acquired a new position in SK Telecom during the 3rd quarter worth $200,000.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

SK Telecom Trading Up 0.3 %

Shares of SKM stock opened at $22.22 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. SK Telecom Co., Ltd. has a 1 year low of $19.88 and a 1 year high of $24.58. The firm’s fifty day simple moving average is $23.30 and its 200 day simple moving average is $22.16.

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.