366,561 SK Telecom Co., Ltd. $SKM Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its SK Telecom stake by 14.3%, purchasing 366,561 additional shares and ending the quarter with 2.92 million shares valued at approximately $102 million.
• SK Telecom shares opened at $32.08, down 0.6%, well below their 12-month high of $47.18. The company recently reported adjusted earnings of $0.81 per share, beating estimates, while revenue of $2.81 billion fell short of expectations.
• Analyst sentiment remains mixed: JPMorgan upgraded the stock to “overweight,” but the broader analyst consensus is “Reduce,” with one Buy, four Hold, and two Sell ratings.

Robeco Institutional Asset Management B.V. increased its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 14.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,923,202 shares of the Wireless communications provider's stock after acquiring an additional 366,561 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.76% of SK Telecom worth $102,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in SK Telecom in the third quarter valued at $42,000. Matthews International Capital Management LLC boosted its holdings in shares of SK Telecom by 33.5% in the first quarter. Matthews International Capital Management LLC now owns 3,326 shares of the Wireless communications provider's stock valued at $97,000 after acquiring an additional 835 shares during the period. Royal Bank of Canada grew its position in shares of SK Telecom by 69.7% during the first quarter. Royal Bank of Canada now owns 4,853 shares of the Wireless communications provider's stock worth $142,000 after acquiring an additional 1,994 shares during the last quarter. Allworth Financial LP grew its position in shares of SK Telecom by 11.3% during the second quarter. Allworth Financial LP now owns 4,990 shares of the Wireless communications provider's stock worth $160,000 after acquiring an additional 507 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new position in shares of SK Telecom during the first quarter worth approximately $202,000.

SK Telecom Stock Down 0.6%

SK Telecom stock opened at $32.08 on Thursday. SK Telecom Co., Ltd. has a twelve month low of $19.66 and a twelve month high of $47.18. The stock has a 50 day moving average of $36.50 and a two-hundred day moving average of $35.95. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 25.66 and a beta of 0.72.

SK Telecom (NYSE:SKM - Get Free Report) last announced its earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.22. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.96 billion. SK Telecom had a return on equity of 5.30% and a net margin of 4.23%. As a group, research analysts expect that SK Telecom Co., Ltd. will post 2.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on SKM shares. Zacks Research upgraded shares of SK Telecom from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. Weiss Ratings upgraded shares of SK Telecom from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. upgraded shares of SK Telecom from a "neutral" rating to an "overweight" rating in a research note on Thursday, July 16th. Finally, Wall Street Zen raised shares of SK Telecom from a "hold" rating to a "buy" rating in a report on Saturday, July 4th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

SK Telecom Profile

SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications and information technology services. The company offers wireless voice and data services, mobile connectivity, internet access, and related digital products to consumers and businesses.

Through its broadband and media operations, SK Telecom provides fixed-line internet, internet protocol television, and video and entertainment services. It also serves corporate and institutional customers with enterprise telecommunications, cloud, data center, cybersecurity, and other technology solutions.

SK Telecom is headquartered in South Korea and primarily serves the South Korean market, while also pursuing international opportunities through technology partnerships and investments.

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