SK Telecom Co., Ltd. (NYSE:SKM) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its position in SK Telecom Co., Ltd. (NYSE:SKM) by 30.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,146 shares of the Wireless communications provider’s stock after acquiring an additional 20,506 shares during the period. Rhumbline Advisers’ holdings in SK Telecom were worth $1,834,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Matthews International Capital Management LLC boosted its stake in shares of SK Telecom by 102.5% during the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after acquiring an additional 1,291 shares in the last quarter. GAMMA Investing LLC increased its position in SK Telecom by 34.4% during the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 773 shares in the last quarter. Assetmark Inc. grew its holdings in shares of SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares in the last quarter. PDS Planning Inc acquired a new position in shares of SK Telecom in the third quarter valued at approximately $200,000. Finally, D Orazio & Associates Inc. acquired a new position in shares of SK Telecom in the third quarter valued at approximately $200,000.

SK Telecom Trading Down 1.1 %

NYSE:SKM opened at $21.66 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58. The firm has a market capitalization of $8.53 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80. The business’s 50-day moving average is $21.60 and its two-hundred day moving average is $22.54.

SK Telecom (NYSE:SKM) last released 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 return on equity of 10.39% and a net margin of 7.26%. Research analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SKM shares. StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 1st. The Goldman Sachs Group lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, UBS Group assumed coverage on SK Telecom in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.