North of South Capital LLP Buys New Stake in SK Telecom Co., Ltd. (NYSE:SKM)

North of South Capital LLP bought a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, Holdings Channel reports. The firm bought 42,917 shares of the Wireless communications provider’s stock, valued at approximately $903,000. SK Telecom makes up about 0.1% of North of South Capital LLP’s portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in SK Telecom by 24.8% in the 4th 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 last quarter. Citigroup Inc. grew its stake in SK Telecom by 0.3% in the 3rd quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock valued at $19,298,000 after buying an additional 2,737 shares during the last quarter. Meritage Portfolio Management grew its stake in SK Telecom by 24.5% in the 4th 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 last quarter. DGS Capital Management LLC grew its stake in SK Telecom by 14.7% in the 3rd quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider’s stock valued at $5,047,000 after buying an additional 27,173 shares during the last quarter. Finally, State Street Corp grew its stake in SK Telecom by 1.4% in the 3rd quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock valued at $4,979,000 after buying an additional 2,883 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SKM shares. UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday. 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 Saturday, February 1st.

SK Telecom Stock Performance

NYSE SKM opened at $23.04 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 1.23 and a beta of 0.80. The company’s fifty day moving average is $21.50 and its two-hundred day moving average is $22.52. SK Telecom Co., Ltd. has a 52-week low of $19.88 and a 52-week high of $24.58.

SK Telecom (NYSE:SKM) last issued 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%. Equities research analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

About SK Telecom

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.