OMERS ADMINISTRATION Corp Invests $377,000 in SK Telecom Co., Ltd. (NYSE:SKM)

OMERS ADMINISTRATION Corp acquired a new stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,911 shares of the Wireless communications provider's stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its stake in shares of SK Telecom by 147.7% during the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 721 shares in the last quarter. Matthews International Capital Management LLC grew its stake in shares of SK Telecom by 102.5% in the 4th 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 period. Quadrant Capital Group LLC boosted its position in shares of 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 purchasing an additional 764 shares during the period. Global Retirement Partners LLC boosted its position in shares of 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 purchasing an additional 4,265 shares during the period. Finally, Assetmark Inc. boosted its position in shares of SK Telecom by 180.1% during the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider's stock worth $174,000 after purchasing an additional 5,311 shares during the period.

SK Telecom Trading Up 0.9%

Shares of NYSE:SKM traded up $0.18 during trading on Friday, reaching $20.55. The stock had a trading volume of 345,605 shares, compared to its average volume of 287,861. The business has a fifty day moving average price of $21.37 and a 200-day moving average price of $21.72. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.09 billion, a P/E ratio of 8.39, a PEG ratio of 1.27 and a beta of 0.63. 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 earnings results 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. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.12 billion. As a group, analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SKM has been the subject of several recent research reports. UBS Group initiated coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. Wall Street Zen cut shares of SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday. New Street Research raised shares of SK Telecom to a "hold" rating in a research report on Monday, May 19th. The Goldman Sachs Group lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, Citigroup lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, SK Telecom presently has a consensus rating of "Hold".

SK Telecom 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.