Raymond James Financial Inc. acquired a new stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 89,296 shares of the Wireless communications provider's stock, valued at approximately $1,879,000.
Several other hedge funds and other institutional investors have also made changes to their positions in SKM. Principal Securities Inc. lifted its stake in SK Telecom by 147.7% in the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 721 shares during the last quarter. Matthews International Capital Management LLC increased its stake in SK Telecom by 102.5% in the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock valued at $54,000 after purchasing an additional 1,291 shares during the period. GAMMA Investing LLC raised its holdings in shares of SK Telecom by 34.4% in the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock valued at $64,000 after buying an additional 773 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of SK Telecom by 15.2% during the fourth 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 during the period. Finally, Global Retirement Partners LLC increased its position in SK Telecom by 130.8% in the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock valued at $158,000 after acquiring an additional 4,265 shares during the period.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SKM. UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. StockNews.com upgraded shares of SK Telecom from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Finally, The Goldman Sachs Group cut SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SK Telecom presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on SK Telecom
SK Telecom Stock Up 1.0 %
SKM stock traded up $0.22 during trading on Friday, reaching $21.50. The stock had a trading volume of 463,526 shares, compared to its average volume of 275,536. The firm has a fifty day moving average price of $21.66 and a 200 day moving average price of $21.96. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $8.47 billion, a P/E ratio of 8.78, a PEG ratio of 1.27 and a beta of 0.71. SK Telecom Co., Ltd. has a 1-year low of $20.28 and a 1-year high of $24.58.
SK Telecom (NYSE:SKM - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, equities analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.
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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