Bank of Nova Scotia Sells 630 Shares of SK Telecom Co.,Ltd (NYSE:SKM)

Bank of Nova Scotia decreased its position in SK Telecom Co.,Ltd (NYSE:SKMGet Rating) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,571 shares of the Wireless communications provider’s stock after selling 630 shares during the quarter. Bank of Nova Scotia’s holdings in SK Telecom Co.,Ltd were worth $222,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SKM. Landscape Capital Management L.L.C. boosted its position in SK Telecom Co.,Ltd by 224.3% during the second quarter. Landscape Capital Management L.L.C. now owns 54,677 shares of the Wireless communications provider’s stock worth $1,220,000 after purchasing an additional 37,817 shares during the period. M&T Bank Corp bought a new stake in SK Telecom Co.,Ltd during the second quarter worth approximately $585,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in SK Telecom Co.,Ltd by 112.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 930,237 shares of the Wireless communications provider’s stock worth $20,763,000 after purchasing an additional 491,442 shares during the period. Envestnet Asset Management Inc. boosted its position in SK Telecom Co.,Ltd by 17.0% during the second quarter. Envestnet Asset Management Inc. now owns 165,409 shares of the Wireless communications provider’s stock worth $3,692,000 after purchasing an additional 24,025 shares during the period. Finally, Janiczek Wealth Management LLC boosted its position in SK Telecom Co.,Ltd by 903.5% during the second quarter. Janiczek Wealth Management LLC now owns 2,549 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 2,295 shares during the period. Institutional investors own 5.70% of the company’s stock.

SK Telecom Co.,Ltd Stock Down 0.4 %

SKM opened at $20.44 on Tuesday. SK Telecom Co.,Ltd has a 1-year low of $18.32 and a 1-year high of $48.47. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 51.10 and a beta of 0.73. The business has a 50 day moving average of $19.82 and a 200-day moving average of $21.95.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut SK Telecom Co.,Ltd from a “buy” rating to a “hold” rating in a research report on Saturday, November 12th.

SK Telecom Co.,Ltd Company Profile

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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, and metaverse platform-based services, as well as sells wireless devices.

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Institutional Ownership by Quarter for SK Telecom Co.,Ltd (NYSE:SKM)

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