14,690 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Acquired by Jane Street Group LLC

Jane Street Group LLC purchased a new position in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,690 shares of the Wireless communications provider's stock, valued at approximately $309,000.

Several other institutional investors have also modified their holdings of the business. Parvin Asset Management LLC acquired a new position in shares of SK Telecom in the fourth quarter worth about $789,000. Schonfeld Strategic Advisors LLC bought a new position in SK Telecom during the 4th quarter worth approximately $431,000. Northern Trust Corp lifted its holdings in SK Telecom by 270.1% during the 4th quarter. Northern Trust Corp now owns 83,497 shares of the Wireless communications provider's stock worth $1,757,000 after buying an additional 60,935 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in SK Telecom by 3.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 13,465 shares of the Wireless communications provider's stock worth $283,000 after buying an additional 472 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in SK Telecom during the 4th quarter worth approximately $320,000.

Analyst Ratings Changes

SKM has been the topic of a number of research analyst reports. UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They set a "buy" rating on the stock. New Street Research raised SK Telecom to a "hold" rating in a report on Monday, May 19th. Wall Street Zen downgraded SK Telecom from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. downgraded SK Telecom from an "overweight" rating to a "neutral" rating in a report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

SK Telecom Stock Performance

Shares of NYSE SKM traded up $0.07 during mid-day trading on Friday, hitting $21.33. The company had a trading volume of 555,494 shares, compared to its average volume of 293,063. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.27 and a beta of 0.60. SK Telecom Co., Ltd. has a 12 month low of $19.84 and a 12 month 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 firm's 50 day simple moving average is $21.28 and its two-hundred day simple moving average is $21.64.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, equities research analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

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.