SK Telecom Co., Ltd. (NYSE:SKM) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lowered its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,817 shares of the Wireless communications provider’s stock after selling 862 shares during the period. Euro Pacific Asset Management LLC’s holdings in SK Telecom were worth $1,780,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SKM. Sei Investments Co. lifted its holdings in shares of SK Telecom by 8.0% during the first quarter. Sei Investments Co. now owns 134,186 shares of the Wireless communications provider’s stock valued at $2,893,000 after purchasing an additional 9,953 shares during the last quarter. QRG Capital Management Inc. lifted its stake in SK Telecom by 5.1% during the first quarter. QRG Capital Management Inc. now owns 20,343 shares of the Wireless communications provider’s stock valued at $439,000 after buying an additional 985 shares in the last quarter. US Bancorp DE boosted its holdings in shares of SK Telecom by 45.2% in the first quarter. US Bancorp DE now owns 45,360 shares of the Wireless communications provider’s stock worth $978,000 after buying an additional 14,113 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of SK Telecom by 9.2% during the first quarter. Bleakley Financial Group LLC now owns 19,900 shares of the Wireless communications provider’s stock valued at $429,000 after acquiring an additional 1,672 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of SK Telecom by 4.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 181,002 shares of the Wireless communications provider’s stock valued at $3,843,000 after acquiring an additional 8,424 shares during the period.

SK Telecom Price Performance

Shares of SKM opened at $22.29 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 2.11 and a beta of 0.77. The business’s 50-day moving average is $23.22 and its 200-day moving average is $22.17. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58.

Analyst Ratings Changes

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

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.