14,423 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the 3rd quarter, Holdings Channel reports. The fund acquired 14,423 shares of the Wireless communications provider’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of SK Telecom by 27.8% during the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after buying an additional 488 shares in the last quarter. Assetmark Inc. increased its stake 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 buying an additional 1,078 shares during the period. EverSource Wealth Advisors LLC raised its holdings in SK Telecom by 24.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock valued at $75,000 after buying an additional 652 shares during the last quarter. Ariadne Wealth Management LP acquired a new stake in SK Telecom during the 2nd quarter worth approximately $127,000. Finally, PDS Planning Inc bought a new stake in SK Telecom during the 3rd quarter worth approximately $200,000.

SK Telecom Trading Down 0.9 %

Shares of SKM stock opened at $21.57 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 current ratio of 0.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.11 and a beta of 0.78. The stock has a 50-day moving average of $22.69 and a 200-day moving average of $22.46.

Wall Street Analyst Weigh In

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

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.