Schonfeld Strategic Advisors LLC Purchases Shares of 20,500 SK Telecom Co., Ltd. (NYSE:SKM)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,500 shares of the Wireless communications provider's stock, valued at approximately $431,000.

Several other hedge funds have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of SK Telecom by 24.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider's stock valued at $61,827,000 after buying an additional 583,519 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of SK Telecom by 9.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider's stock valued at $33,567,000 after buying an additional 133,742 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of SK Telecom by 41.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 289,356 shares of the Wireless communications provider's stock valued at $6,088,000 after buying an additional 85,278 shares during the period. Meritage Portfolio Management lifted its stake in shares of SK Telecom by 24.5% in the fourth quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider's stock valued at $4,674,000 after buying an additional 43,778 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of SK Telecom by 13.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,931 shares of the Wireless communications provider's stock valued at $4,228,000 after buying an additional 23,091 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SKM shares. Citigroup cut shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. UBS Group started coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set a "buy" rating for the company. The Goldman Sachs Group cut shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, StockNews.com lowered shares of SK Telecom from a "strong-buy" rating to a "buy" rating in a report on Thursday.

SK Telecom Price Performance

Shares of SKM stock opened at $20.79 on Monday. The firm's 50 day moving average price is $21.59 and its two-hundred day moving average price is $21.89. The stock has a market cap of $8.19 billion, a PE ratio of 8.49, a PEG ratio of 1.27 and a beta of 0.63. SK Telecom Co., Ltd. has a 52-week low of $20.28 and a 52-week high of $24.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. As a group, analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

SK Telecom 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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