Parvin Asset Management LLC Takes Position in SK Telecom Co., Ltd. (NYSE:SKM)

Parvin Asset Management LLC acquired a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 37,508 shares of the Wireless communications provider's stock, valued at approximately $789,000.

A number of other institutional investors have also modified their holdings of SKM. Principal Securities Inc. raised its position in shares of SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 721 shares during the last quarter. Matthews International Capital Management LLC grew its holdings in shares of SK Telecom by 102.5% during the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock valued at $54,000 after buying an additional 1,291 shares during the last quarter. GAMMA Investing LLC increased its position in shares of SK Telecom by 34.4% in the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock valued at $64,000 after acquiring an additional 773 shares during the period. Quadrant Capital Group LLC raised its stake in SK Telecom by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider's stock worth $122,000 after acquiring an additional 764 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in SK Telecom by 130.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock worth $158,000 after acquiring an additional 4,265 shares during the period.

SK Telecom Stock Performance

SK Telecom stock traded up $0.25 during midday trading on Monday, hitting $21.74. 81,726 shares of the company were exchanged, compared to its average volume of 274,775. SK Telecom Co., Ltd. has a fifty-two week low of $20.28 and a fifty-two week high of $24.58. The firm has a market capitalization of $8.56 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The business has a fifty day simple moving average of $21.66 and a two-hundred day simple moving average of $21.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set a "buy" rating for the company. Finally, The Goldman Sachs Group lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, SK Telecom has a consensus rating of "Moderate Buy".

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.