Tandem Financial LLC Purchases New Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Tandem Financial LLC bought a new position in SK Telecom Co., Ltd. (NYSE:SKM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,712 shares of the Wireless communications provider’s stock, valued at approximately $204,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in SK Telecom by 27.8% in the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after buying an additional 488 shares during the last quarter. Matthews International Capital Management LLC increased its holdings in shares of SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 1,291 shares during the last quarter. Assetmark Inc. lifted its stake in 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 purchasing an additional 1,078 shares during the last quarter. PDS Planning Inc acquired a new position in SK Telecom in the third quarter worth $200,000. Finally, D Orazio & Associates Inc. bought a new stake in SK Telecom during the third quarter valued at $200,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st.

SK Telecom Price Performance

Shares of SKM opened at $21.52 on Friday. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58. 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 stock has a fifty day moving average price of $21.77 and a 200 day moving average price of $22.54. The company has a market cap of $8.48 billion, a P/E ratio of 9.96, a PEG ratio of 1.91 and a beta of 0.80.

SK Telecom (NYSE:SKM) last issued its quarterly earnings data on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $3.35 billion during the quarter. SK Telecom had a return on equity of 9.03% and a net margin of 6.31%. On average, research analysts forecast that SK Telecom Co., Ltd. will post 2.05 earnings per share for the current year.

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.