Jane Street Group LLC purchased a new stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,690 shares of the Wireless communications provider's stock, valued at approximately $309,000.
A number of other large investors have also recently bought and sold shares of SKM. Principal Securities Inc. raised its stake in shares of SK Telecom by 147.7% in the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 721 shares during the last quarter. Quadrant Capital Group LLC grew its position in SK Telecom by 15.2% during 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. Global Retirement Partners LLC increased its holdings 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 valued at $158,000 after purchasing an additional 4,265 shares in the last quarter. Assetmark Inc. raised its position in SK Telecom by 180.1% in the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider's stock valued at $174,000 after purchasing an additional 5,311 shares during the last quarter. Finally, Tandem Financial LLC bought a new position in SK Telecom in the 4th quarter valued at $204,000.
SK Telecom Trading Up 0.4%
Shares of NYSE SKM traded up $0.09 during midday trading on Thursday, hitting $21.27. The stock had a trading volume of 318,969 shares, compared to its average volume of 354,135. 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 firm has a market cap of $8.38 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.63. The company's 50-day simple moving average is $21.28 and its 200 day simple moving average is $21.65. SK Telecom Co., Ltd. has a fifty-two week low of $19.84 and a fifty-two week high of $24.58.
SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.12 billion. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. Research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. JPMorgan Chase & Co. cut SK Telecom from an "overweight" rating to a "neutral" rating in a report on Monday, May 12th. Citigroup downgraded shares of SK Telecom from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. UBS Group started coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, Wall Street Zen lowered shares of SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold".
View Our Latest Research Report on SKM
About SK Telecom
(
Free Report)
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.
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