Boston Common Asset Management LLC Sells 224,394 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Boston Common Asset Management LLC trimmed its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 51.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,757 shares of the Wireless communications provider’s stock after selling 224,394 shares during the period. Boston Common Asset Management LLC’s holdings in SK Telecom were worth $4,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of SK Telecom by 27.8% in the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after purchasing an additional 488 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 worth $75,000 after buying an additional 652 shares during the period. Assetmark Inc. lifted its holdings in shares of SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of SK Telecom by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock worth $392,000 after buying an additional 1,114 shares in the last quarter. Finally, First Affirmative Financial Network increased its stake in shares of SK Telecom by 11.4% during the third quarter. First Affirmative Financial Network now owns 11,617 shares of the Wireless communications provider’s stock valued at $276,000 after buying an additional 1,188 shares during the period.

Analysts Set New Price Targets

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

SK Telecom Stock Up 1.2 %

Shares of SKM stock 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 debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The company’s 50 day moving average is $22.08 and its 200 day moving average is $22.50.

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.