Landscape Capital Management L.L.C. Acquires 17,984 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Landscape Capital Management L.L.C. boosted its holdings in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,967 shares of the Wireless communications provider's stock after purchasing an additional 17,984 shares during the period. Landscape Capital Management L.L.C.'s holdings in SK Telecom were worth $1,283,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. boosted its holdings 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 worth $25,000 after buying an additional 721 shares during the last quarter. Matthews International Capital Management LLC boosted its stake in SK Telecom by 102.5% in the fourth 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. GAMMA Investing LLC grew its position in shares of SK Telecom by 34.4% during the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock valued at $64,000 after acquiring an additional 773 shares during the period. Global Retirement Partners LLC increased its stake in shares of SK Telecom by 130.8% during the 4th 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 during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of SK Telecom by 180.1% in the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider's stock worth $174,000 after purchasing an additional 5,311 shares during the period.

SK Telecom Price Performance

SKM traded down $0.22 during midday trading on Thursday, hitting $21.12. The stock had a trading volume of 214,660 shares, compared to its average volume of 265,558. The company has a market cap of $8.32 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. SK Telecom Co., Ltd. has a 1 year low of $19.88 and a 1 year high of $24.58. The business has a fifty day moving average of $21.58 and a 200 day moving average of $22.10. 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 (NYSE:SKM - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. As a group, equities analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SKM. UBS Group began coverage on SK Telecom in a report on Wednesday, February 19th. They set a "buy" rating for the company. StockNews.com raised SK Telecom from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Finally, The Goldman Sachs Group lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SK Telecom presently has an average rating of "Moderate Buy".

SK Telecom 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.