Connor Clark & Lunn Investment Management Ltd. increased its position in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 200,931 shares of the Wireless communications provider's stock after buying an additional 23,091 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of SK Telecom worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its stake in shares of SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 721 shares in the last quarter. GAMMA Investing LLC grew its stake in SK Telecom by 34.4% during the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock worth $64,000 after buying an additional 773 shares during the period. First Affirmative Financial Network increased its position in shares of SK Telecom by 8.7% in the fourth quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider's stock worth $266,000 after acquiring an additional 1,005 shares in the last quarter. Assetmark Inc. raised its stake in shares of SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider's stock valued at $70,000 after acquiring an additional 1,078 shares during the period. Finally, Matthews International Capital Management LLC lifted its holdings in shares of SK Telecom by 102.5% during 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 in the last quarter.
Wall Street Analysts Forecast Growth
SKM has been the topic of several research reports. The Goldman Sachs Group lowered SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. StockNews.com downgraded SK Telecom from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, UBS Group began coverage on SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, SK Telecom has a consensus rating of "Hold".
Check Out Our Latest Report on SK Telecom
SK Telecom Stock Down 1.6 %
Shares of SK Telecom stock traded down $0.34 during trading hours on Thursday, hitting $21.30. 212,468 shares of the company's stock traded hands, compared to its average volume of 258,918. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve month high of $24.58. The company has a market cap of $8.39 billion, a PE ratio of 8.70, a PEG ratio of 1.27 and a beta of 0.77. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $21.65 and a 200-day simple moving average of $22.41.
SK Telecom (NYSE:SKM - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.
About SK Telecom
(
Free Report)
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.
Featured Articles
Before you consider SK Telecom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SK Telecom wasn't on the list.
While SK Telecom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
