Mount Yale Investment Advisors LLC Buys New Position in SK Telecom Co., Ltd. (NYSE:SKM)

Mount Yale Investment Advisors LLC purchased a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,257 shares of the Wireless communications provider's stock, valued at approximately $658,000.

Several other large investors have also modified their holdings of SKM. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SK Telecom in the 3rd quarter valued at approximately $4,227,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of SK Telecom by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider's stock valued at $55,979,000 after purchasing an additional 98,323 shares during the period. AQR Capital Management LLC purchased a new stake in SK Telecom during the second quarter worth about $1,570,000. Meritage Portfolio Management grew its position in SK Telecom by 45.6% during the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider's stock worth $4,240,000 after buying an additional 55,877 shares during the period. Finally, Millennium Management LLC increased its holdings in SK Telecom by 37.5% in the second quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider's stock valued at $3,325,000 after buying an additional 43,327 shares in the last quarter.

SK Telecom Price Performance

SK Telecom stock traded down $0.17 during trading hours on Friday, hitting $21.33. The stock had a trading volume of 206,067 shares, compared to its average volume of 191,785. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The stock's fifty day moving average is $21.89 and its two-hundred day moving average is $22.54.

SK Telecom (NYSE:SKM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. The firm had revenue of $3.35 billion during the quarter. As a group, analysts predict that SK Telecom Co., Ltd. will post 2.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SK Telecom from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

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.