Great Lakes Advisors LLC Raises Position in SK Telecom Co., Ltd. (NYSE:SKM)

Great Lakes Advisors LLC increased its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 8.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 92,187 shares of the Wireless communications provider’s stock after acquiring an additional 7,535 shares during the quarter. Great Lakes Advisors LLC’s holdings in SK Telecom were worth $1,940,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its position in SK Telecom by 10.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 19,352 shares of the Wireless communications provider’s stock worth $407,000 after purchasing an additional 1,860 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of SK Telecom in the fourth quarter valued at about $238,000. Raymond James Financial Inc. purchased a new position in shares of SK Telecom in the fourth quarter valued at about $1,879,000. Assetmark Inc. increased its position in shares of SK Telecom by 180.1% in the fourth quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider’s stock valued at $174,000 after acquiring an additional 5,311 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of SK Telecom in the fourth quarter valued at about $232,000.

SK Telecom Trading Down 0.4 %

Shares of SKM opened at $21.41 on Friday. The firm’s 50-day moving average price is $21.62 and its 200-day moving average price is $22.44. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.27 and a beta of 0.77. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58.

SK Telecom (NYSE:SKM) 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%. Sell-side analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group assumed coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. The Goldman Sachs Group cut shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, StockNews.com lowered shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.