OneDigital Investment Advisors LLC Has $316,000 Position in SK Telecom Co., Ltd. (NYSE:SKM)

OneDigital Investment Advisors LLC boosted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 33.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,292 shares of the Wireless communications provider’s stock after purchasing an additional 3,324 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in SK Telecom were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in SK Telecom during the first quarter worth about $3,364,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of SK Telecom by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock worth $55,979,000 after acquiring an additional 98,323 shares during the period. AQR Capital Management LLC acquired a new stake in shares of SK Telecom during the 2nd quarter worth approximately $1,570,000. Meritage Portfolio Management increased its stake in SK Telecom by 45.6% in the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock valued at $4,240,000 after acquiring an additional 55,877 shares during the last quarter. Finally, Millennium Management LLC raised its position in SK Telecom by 37.5% during the second quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider’s stock valued at $3,325,000 after purchasing an additional 43,327 shares in the last quarter.

SK Telecom Stock Up 0.2 %

SKM opened at $22.66 on Friday. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The company has a fifty day moving average price of $23.14 and a two-hundred day moving average price of $22.22. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a 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.