Natixis Advisors LLC Grows Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Key Points

• Natixis Advisors LLC increased its stake in SK Telecom by 16.3%, owning 200,278 shares worth approximately $4.26 million as of the end of the first quarter.
• SK Telecom reported $0.65 earnings per share for the quarter, surpassing analysts' expectations and contributing to a revenue of $3.18 billion.
• Wall Street analysts have shown mixed sentiments about SK Telecom, with one downgrade to a "sell" rating and a consensus rating of "hold" across several reports.

Natixis Advisors LLC increased its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,278 shares of the Wireless communications provider's stock after acquiring an additional 28,079 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of SK Telecom worth $4,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SK Telecom during the first quarter valued at approximately $37,000. Parallel Advisors LLC raised its holdings in SK Telecom by 55.0% during the 1st quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider's stock valued at $53,000 after buying an additional 884 shares during the last quarter. Quadrant Capital Group LLC boosted its position in 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 valued at $122,000 after buying an additional 764 shares during the period. TD Asset Management Inc bought a new stake in SK Telecom in the 1st quarter worth $212,000. Finally, PDS Planning Inc purchased a new position in shares of SK Telecom in the first quarter valued at about $240,000.

SK Telecom Stock Performance

Shares of SK Telecom stock traded up $0.12 during trading on Thursday, hitting $22.45. 322,128 shares of the company's stock traded hands, compared to its average volume of 383,899. SK Telecom Co., Ltd. has a 1 year low of $19.84 and a 1 year high of $24.58. The business has a 50-day simple moving average of $22.26 and a 200-day simple moving average of $21.76. The stock has a market capitalization of $8.84 billion, a P/E ratio of 9.27, a PEG ratio of 10.99 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.86.

SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The Wireless communications provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.20). SK Telecom had a return on equity of 10.98% and a net margin of 7.31%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.14 billion. As a group, analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SKM shares. New Street Research upgraded shares of SK Telecom to a "hold" rating in a report on Monday, May 19th. Wall Street Zen lowered SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Citigroup downgraded SK Telecom from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut shares of SK Telecom from an "overweight" rating to a "neutral" rating in a report on Monday, May 12th. Finally, The Goldman Sachs Group lowered shares of SK Telecom from a "neutral" rating to a "sell" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold".

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.