DGS Capital Management LLC Grows Stake in SK Telecom Co., Ltd. (NYSE:SKM)

DGS Capital Management LLC raised its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 14.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,324 shares of the Wireless communications provider’s stock after purchasing an additional 27,173 shares during the quarter. SK Telecom makes up about 1.4% of DGS Capital Management LLC’s portfolio, making the stock its 9th biggest holding. DGS Capital Management LLC’s holdings in SK Telecom were worth $5,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SKM. GAMMA Investing LLC increased its holdings in shares of SK Telecom by 27.8% during the 3rd 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 last quarter. Assetmark Inc. increased its holdings in shares of SK Telecom by 57.6% in the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after purchasing an additional 1,078 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of SK Telecom by 24.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock valued at $75,000 after purchasing an additional 652 shares during the period. Ariadne Wealth Management LP acquired a new stake in shares of SK Telecom during the 2nd quarter worth about $127,000. Finally, PDS Planning Inc bought a new stake in shares of SK Telecom during the 3rd quarter worth about $200,000.

Analysts Set New Price Targets

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

SK Telecom Trading Up 1.2 %

NYSE SKM traded up $0.27 on Friday, reaching $22.12. The stock had a trading volume of 40,942 shares, compared to its average volume of 269,146. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.97. The firm has a fifty day moving average of $22.84 and a two-hundred day moving average of $22.41.

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.