DGS Capital Management LLC Has $2.04 Million Stock Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

DGS Capital Management LLC raised its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,339 shares of the Wireless communications provider’s stock after purchasing an additional 10,784 shares during the period. SK Telecom accounts for approximately 0.8% of DGS Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. DGS Capital Management LLC’s holdings in SK Telecom were worth $2,040,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of SK Telecom by 602.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,229,982 shares of the Wireless communications provider’s stock worth $25,227,000 after buying an additional 1,054,990 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of SK Telecom by 744.0% during the second quarter. Goldman Sachs Group Inc. now owns 671,890 shares of the Wireless communications provider’s stock worth $14,996,000 after acquiring an additional 592,279 shares during the period. BlackRock Inc. grew its position in shares of SK Telecom by 71.8% in the first quarter. BlackRock Inc. now owns 1,193,354 shares of the Wireless communications provider’s stock valued at $24,476,000 after purchasing an additional 498,677 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in shares of SK Telecom during the third quarter worth approximately $8,165,000. Finally, Federated Hermes Inc. acquired a new stake in SK Telecom during the 1st quarter worth approximately $7,100,000.

SK Telecom Stock Performance

Shares of SKM traded up $0.01 during mid-day trading on Tuesday, hitting $20.05. 131,812 shares of the company’s stock were exchanged, compared to its average volume of 316,432. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.61. SK Telecom Co., Ltd. has a 52 week low of $18.52 and a 52 week high of $22.71. The stock’s 50-day simple moving average is $21.65 and its 200-day simple moving average is $21.27.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SKM shares. Nomura reaffirmed a “reduce” rating on shares of SK Telecom in a report on Monday, February 5th. StockNews.com downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th.

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.