SK Telecom Co., Ltd. (NYSE:SKM) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,595,390 shares of the Wireless communications provider's stock after purchasing an additional 133,742 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.41% of SK Telecom worth $33,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of SK Telecom by 30.8% during the 4th quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider's stock valued at $1,834,000 after buying an additional 20,506 shares in the last quarter. JPMorgan Chase & Co. raised its position in SK Telecom by 2,337.9% during the third quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider's stock worth $422,000 after acquiring an additional 17,020 shares during the period. US Bancorp DE lifted its holdings in SK Telecom by 27.8% during the fourth quarter. US Bancorp DE now owns 93,295 shares of the Wireless communications provider's stock valued at $1,963,000 after purchasing an additional 20,285 shares in the last quarter. Blue Trust Inc. grew its position in shares of SK Telecom by 51.2% in the fourth quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider's stock valued at $1,385,000 after purchasing an additional 22,281 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of SK Telecom by 130.8% during the fourth quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock worth $158,000 after purchasing an additional 4,265 shares in the last quarter.

SK Telecom Price Performance

SKM stock traded down $0.06 during mid-day trading on Monday, reaching $21.10. The company's stock had a trading volume of 653,149 shares, compared to its average volume of 262,627. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The company's 50 day moving average is $21.63 and its two-hundred day moving average is $22.16. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The stock has a market cap of $8.31 billion, a PE ratio of 8.61, a P/E/G ratio of 1.27 and a beta of 0.71.

SK Telecom (NYSE:SKM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Equities research analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SKM shares. The Goldman Sachs Group cut SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. StockNews.com cut 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 SK Telecom in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold".

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.