Citigroup Inc. Has $19.30 Million Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

Citigroup Inc. lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 811,850 shares of the Wireless communications provider’s stock after buying an additional 2,737 shares during the quarter. Citigroup Inc.’s holdings in SK Telecom were worth $19,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in SK Telecom by 27.8% in the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after purchasing an additional 488 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of SK Telecom by 104.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the Wireless communications provider’s stock worth $55,000 after purchasing an additional 1,372 shares in the last quarter. Assetmark Inc. grew its stake 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 valued at $70,000 after buying an additional 1,078 shares during the period. Ariadne Wealth Management LP acquired a new stake in shares of SK Telecom in the 2nd quarter valued at about $127,000. Finally, D Orazio & Associates Inc. bought a new stake in SK Telecom in the 3rd quarter valued at about $200,000.

Analyst Ratings Changes

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

SK Telecom Stock Performance

SKM opened at $23.25 on Wednesday. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The company’s fifty day moving average price is $23.03 and its two-hundred day moving average price is $22.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.98.

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.