SK Telecom Co., Ltd. $SKM Shares Acquired by Callan Family Office LLC

Key Points

• The Callan Family Office LLC increased its stake in SK Telecom Co., Ltd. by 185.0% during the second quarter, now owning 28,471 shares valued at approximately $665,000.
• SK Telecom reported earnings of $0.16 EPS, falling short of analysts' expectations of $0.36 EPS, with total revenue of $3.12 billion for the quarter.
• Analysts currently hold an average rating of "Hold" for SK Telecom, with one analyst rating it as a Buy, four as Hold, and one as Sell.

Callan Family Office LLC lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 185.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,471 shares of the Wireless communications provider's stock after buying an additional 18,481 shares during the quarter. Callan Family Office LLC's holdings in SK Telecom were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of SK Telecom by 1,780.9% during the second quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider's stock worth $39,000 after buying an additional 1,585 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SK Telecom during the first quarter worth approximately $37,000. SVB Wealth LLC acquired a new stake in shares of SK Telecom during the first quarter worth approximately $42,000. Brooklyn Investment Group grew its position in shares of SK Telecom by 854.4% during the first quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider's stock worth $49,000 after buying an additional 2,059 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of SK Telecom during the first quarter worth approximately $85,000.

SK Telecom Stock Performance

SKM stock opened at $21.01 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 10.77 and a beta of 0.58. SK Telecom Co., Ltd. has a 1 year low of $19.84 and a 1 year high of $24.34. The stock's fifty day moving average is $21.90 and its two-hundred day moving average is $21.83.

SK Telecom (NYSE:SKM - Get Free Report) last posted its earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.20). The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.14 billion. SK Telecom had a net margin of 5.92% and a return on equity of 8.92%. On average, research analysts predict that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SKM. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of SK Telecom in a report on Wednesday, October 8th. The Goldman Sachs Group downgraded shares of SK Telecom from a "neutral" rating to a "sell" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

SK Telecom Company 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.

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