Strategic Global Advisors LLC Makes New Investment in SK Telecom Co., Ltd. (NYSE:SKM)

Strategic Global Advisors LLC bought a new stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,386 shares of the Wireless communications provider's stock, valued at approximately $345,000.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of SK Telecom by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider's stock worth $61,827,000 after purchasing an additional 583,519 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in SK Telecom by 9.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider's stock valued at $33,567,000 after acquiring an additional 133,742 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in SK Telecom in the fourth quarter valued at about $10,712,000. O Shaughnessy Asset Management LLC grew its position in shares of SK Telecom by 41.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 289,356 shares of the Wireless communications provider's stock valued at $6,088,000 after acquiring an additional 85,278 shares during the period. Finally, Meritage Portfolio Management increased its stake in shares of SK Telecom by 24.5% during the 4th quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider's stock worth $4,674,000 after purchasing an additional 43,778 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SKM shares. New Street Research upgraded shares of SK Telecom to a "hold" rating in a research report on Monday. Wall Street Zen downgraded shares of SK Telecom from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. cut shares of SK Telecom from an "overweight" rating to a "neutral" rating in a report on Monday, May 12th. UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, Citigroup cut SK Telecom from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

SK Telecom Trading Down 1.5%

Shares of SK Telecom stock traded down $0.32 during trading on Thursday, reaching $20.36. The company's stock had a trading volume of 286,054 shares, compared to its average volume of 287,536. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 52-week low of $19.84 and a 52-week high of $24.58. The firm's 50-day moving average is $21.42 and its two-hundred day moving average is $21.77. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.27 and a beta of 0.63.

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 for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $3.18 billion during 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%. On average, sell-side analysts anticipate 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.