Robeco Institutional Asset Management B.V. Acquires 374,428 Shares of SK Telecom Co., Ltd. $SKM

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in SK Telecom (NYSE:SKM) by 17.9%, adding 374,428 shares to hold 2,462,769 shares worth about $50.56 million after the fourth quarter filing.
• Analyst sentiment is mixed — one Buy, four Hold and three Sell ratings — and the stock carries an average MarketBeat rating of "Reduce".
• SK Telecom reported quarterly EPS of $10.67 (versus a $0.10 consensus), trades near its 12‑month high (opened $36.06; 12‑month high $36.77), and has a market cap of $13.84 billion with a P/E of 53.03.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 17.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,462,769 shares of the Wireless communications provider's stock after acquiring an additional 374,428 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in SK Telecom were worth $50,561,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKM. Royal Bank of Canada lifted its holdings in shares of SK Telecom by 8.2% during the 1st quarter. Royal Bank of Canada now owns 43,999 shares of the Wireless communications provider's stock worth $936,000 after acquiring an additional 3,316 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of SK Telecom during the 1st quarter worth about $85,000. Millennium Management LLC lifted its holdings in shares of SK Telecom by 160.7% during the 1st quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider's stock worth $4,823,000 after acquiring an additional 139,829 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of SK Telecom by 46.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider's stock worth $5,531,000 after acquiring an additional 83,030 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of SK Telecom by 10.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider's stock worth $134,000 after acquiring an additional 560 shares during the period.

Wall Street Analyst Weigh In

SKM has been the subject of a number of analyst reports. Weiss Ratings raised shares of SK Telecom from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, March 12th. Citigroup downgraded shares of SK Telecom from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 18th. Wall Street Zen raised shares of SK Telecom from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Daiwa Securities Group downgraded shares of SK Telecom to a "hold" rating in a report on Wednesday, January 14th. Finally, Zacks Research downgraded shares of SK Telecom from a "strong-buy" rating to a "hold" rating in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

SK Telecom Trading Down 1.0%

Shares of SKM stock opened at $36.06 on Tuesday. SK Telecom Co., Ltd. has a 12-month low of $19.66 and a 12-month high of $36.77. The company has a market capitalization of $13.84 billion, a P/E ratio of 53.03, a P/E/G ratio of 5.10 and a beta of 0.46. The firm has a 50-day moving average price of $30.45 and a 200 day moving average price of $24.42. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.59.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $10.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $10.57. SK Telecom had a net margin of 2.28% and a return on equity of 3.21%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.02 billion. Research analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

SK Telecom Company Profile

SK Telecom Co, Ltd. NYSE: SKM is South Korea's largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.

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