42,983 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) during the 3rd quarter, HoldingsChannel reports. The firm acquired 42,983 shares of the Wireless communications provider’s stock, valued at approximately $1,022,000.

Other hedge funds have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC lifted its position in shares of SK Telecom by 0.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 260,416 shares of the Wireless communications provider’s stock valued at $5,615,000 after purchasing an additional 930 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in SK Telecom in the 1st quarter valued at about $3,364,000. EverSource Wealth Advisors LLC lifted its position in shares of SK Telecom by 104.7% during the 1st 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 in the last quarter. Simplicity Wealth LLC boosted its stake in shares of SK Telecom by 14.3% in the 2nd quarter. Simplicity Wealth LLC now owns 22,643 shares of the Wireless communications provider’s stock worth $474,000 after buying an additional 2,827 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of SK Telecom by 17.5% in the second quarter. QRG Capital Management Inc. now owns 23,901 shares of the Wireless communications provider’s stock valued at $500,000 after acquiring an additional 3,558 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

SK Telecom Stock Performance

SKM opened at $22.78 on Friday. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The firm has a 50-day moving average of $23.11 and a 200 day moving average of $22.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.98.

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.