Hennion & Walsh Asset Management Inc. Trims Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

Hennion & Walsh Asset Management Inc. trimmed its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,355 shares of the Wireless communications provider’s stock after selling 2,309 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in SK Telecom were worth $1,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in SK Telecom in the 3rd quarter worth about $4,227,000. Robeco Institutional Asset Management B.V. increased its position in shares of SK Telecom by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock valued at $55,979,000 after buying an additional 98,323 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of SK Telecom during the 2nd quarter worth approximately $1,570,000. Meritage Portfolio Management lifted its position in shares of SK Telecom by 45.6% during the 3rd quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock valued at $4,240,000 after buying an additional 55,877 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in SK Telecom by 37.5% in the 2nd quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider’s stock worth $3,325,000 after acquiring an additional 43,327 shares in the last quarter.

SK Telecom Price Performance

Shares of SKM opened at $21.41 on Friday. SK Telecom Co., Ltd. has a 52-week low of $19.88 and a 52-week high of $24.58. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $22.08 and a two-hundred day simple moving average of $22.51.

Wall Street Analyst Weigh In

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 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.