Vise Technologies Inc. bought a new position in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,062 shares of the Wireless communications provider's stock, valued at approximately $485,000.
A number of other hedge funds have also modified their holdings of SKM. Integrated Wealth Concepts LLC increased its stake in shares of SK Telecom by 3.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 13,465 shares of the Wireless communications provider's stock worth $283,000 after purchasing an additional 472 shares during the period. Vident Advisory LLC boosted its holdings in shares of SK Telecom by 0.8% in the 4th quarter. Vident Advisory LLC now owns 73,815 shares of the Wireless communications provider's stock worth $1,553,000 after acquiring an additional 610 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 721 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings 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 worth $122,000 after buying an additional 764 shares in the last quarter. Finally, First Affirmative Financial Network lifted its holdings in SK Telecom by 8.7% during the 4th quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider's stock worth $266,000 after buying an additional 1,005 shares in the last quarter.
SK Telecom Price Performance
Shares of NYSE:SKM traded down $0.27 during trading on Friday, hitting $20.53. 360,566 shares of the company were exchanged, compared to its average volume of 289,889. The business's 50 day moving average is $21.30 and its 200-day moving average is $21.67. The company has a market capitalization of $8.09 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.27 and a beta of 0.63. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 1-year low of $19.84 and a 1-year high of $24.58.
SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. The business had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.12 billion. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. Equities analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.
Analyst Ratings Changes
SKM has been the topic of a number of analyst reports. Citigroup downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group cut SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set a "buy" rating for the company. JPMorgan Chase & Co. downgraded shares of SK Telecom from an "overweight" rating to a "neutral" rating in a research note on Monday, May 12th. Finally, New Street Research upgraded SK Telecom to a "hold" rating in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, SK Telecom presently has an average rating of "Hold".
Get Our Latest Stock Report on SKM
SK Telecom Company Profile
(
Free Report)
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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