Natixis Advisors LLC Acquires 75,043 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Natixis Advisors LLC increased its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 77.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,199 shares of the Wireless communications provider's stock after acquiring an additional 75,043 shares during the quarter. Natixis Advisors LLC's holdings in SK Telecom were worth $3,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SKM. Pathstone Holdings LLC raised its holdings in shares of SK Telecom by 2.3% during the third quarter. Pathstone Holdings LLC now owns 62,990 shares of the Wireless communications provider's stock valued at $1,497,000 after purchasing an additional 1,412 shares during the period. Caprock Group LLC raised its stake in SK Telecom by 19.5% during the 3rd quarter. Caprock Group LLC now owns 22,603 shares of the Wireless communications provider's stock worth $537,000 after buying an additional 3,692 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in SK Telecom in the third quarter worth approximately $4,227,000. Advisors Asset Management Inc. acquired a new stake in SK Telecom in the third quarter valued at approximately $237,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of SK Telecom during the third quarter valued at approximately $1,022,000.

SK Telecom Stock Up 0.5 %

SK Telecom stock traded up $0.11 during trading on Tuesday, hitting $21.29. 323,056 shares of the company were exchanged, compared to its average volume of 247,658. The company has a market capitalization of $8.39 billion, a P/E ratio of 8.69, a PEG ratio of 1.27 and a beta of 0.77. The business's 50 day moving average is $21.65 and its 200 day moving average is $22.34. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48.

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SK Telecom (NYSE:SKM - Get Free Report) last posted 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 net margin of 7.26% and a return on equity of 10.39%. Analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SKM. UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. The Goldman Sachs Group lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, StockNews.com downgraded shares of SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company 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.