Invesco Ltd. grew its position in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 82.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,944 shares of the Wireless communications provider's stock after acquiring an additional 38,456 shares during the quarter. Invesco Ltd.'s holdings in SK Telecom were worth $1,787,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in SK Telecom by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider's stock worth $61,827,000 after purchasing an additional 583,519 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of SK Telecom by 9.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider's stock worth $33,567,000 after buying an additional 133,742 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SK Telecom in the 4th quarter valued at about $1,879,000. O Shaughnessy Asset Management LLC raised its stake in SK Telecom by 41.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 289,356 shares of the Wireless communications provider's stock valued at $6,088,000 after acquiring an additional 85,278 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in SK Telecom by 77.2% during the 4th quarter. Natixis Advisors LLC now owns 172,199 shares of the Wireless communications provider's stock worth $3,623,000 after acquiring an additional 75,043 shares during the period.
SK Telecom Stock Performance
NYSE:SKM opened at $21.00 on Wednesday. SK Telecom Co., Ltd. has a twelve month low of $20.28 and a twelve month high of $24.58. The company has a market capitalization of $8.27 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. 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 firm has a 50-day moving average price of $21.74 and a two-hundred day moving average price of $21.99.
SK Telecom (NYSE:SKM - Get Free Report) last announced its 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, research analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SKM. StockNews.com raised SK Telecom from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. The Goldman Sachs Group lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, UBS Group initiated coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on SK Telecom
SK Telecom 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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