Allianz SE Invests $1.08 Million in SK Telecom Co., Ltd. (NYSE:SKM)

Allianz SE purchased a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 51,133 shares of the Wireless communications provider's stock, valued at approximately $1,076,000.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of SK Telecom by 158.4% in the third quarter. FMR LLC now owns 53,102 shares of the Wireless communications provider's stock valued at $1,262,000 after purchasing an additional 32,549 shares in the last quarter. Townsquare Capital LLC acquired a new stake in SK Telecom in the 3rd quarter worth about $221,000. Centiva Capital LP increased its position in SK Telecom by 73.0% during the third quarter. Centiva Capital LP now owns 17,981 shares of the Wireless communications provider's stock worth $427,000 after purchasing an additional 7,588 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of SK Telecom during the 3rd quarter valued at $309,000. Finally, Quantinno Capital Management LP increased its stake in SK Telecom by 92.2% during the third quarter. Quantinno Capital Management LP now owns 51,828 shares of the Wireless communications provider's stock worth $1,232,000 after acquiring an additional 24,857 shares during the last quarter.

SK Telecom Stock Down 2.2 %

Shares of NYSE:SKM traded down $0.47 during midday trading on Friday, hitting $21.15. 578,975 shares of the stock were exchanged, compared to its average volume of 261,166. The company has a market capitalization of $8.33 billion, a PE ratio of 8.63, a P/E/G ratio of 1.27 and a beta of 0.77. The business's fifty day simple moving average is $21.65 and its two-hundred day simple moving average is $22.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom Co., Ltd. has a 52-week low of $19.88 and a 52-week high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, 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

A number of research analysts have recently commented on SKM shares. 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. StockNews.com lowered SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently 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.