North of South Capital LLP Invests $903,000 in SK Telecom Co., Ltd. (NYSE:SKM)

North of South Capital LLP bought a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,917 shares of the Wireless communications provider's stock, valued at approximately $903,000. SK Telecom makes up 0.1% of North of South Capital LLP's holdings, making the stock its 17th biggest position.

A number of other hedge funds have also recently bought and sold shares of SKM. Principal Securities Inc. lifted its position 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 acquiring an additional 721 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of SK Telecom by 34.4% in the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock valued at $64,000 after purchasing an additional 773 shares in the last quarter. First Affirmative Financial Network boosted 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 buying an additional 1,005 shares during the period. Assetmark Inc. grew its holdings in shares of SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider's stock valued at $70,000 after buying an additional 1,078 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in SK Telecom by 7.2% during the third quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider's stock valued at $392,000 after buying an additional 1,114 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 1st. UBS Group assumed coverage on shares of SK Telecom in a report on Wednesday, February 19th. They set a "buy" rating for the company.

SK Telecom Stock Up 0.5 %

SKM traded up $0.11 during trading on Tuesday, reaching $22.95. 215,311 shares of the stock traded hands, compared to its average volume of 206,219. 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 fifty-two week low of $19.88 and a fifty-two week high of $24.58. The stock's 50-day simple moving average is $21.55 and its two-hundred day simple moving average is $22.55. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80.

SK Telecom (NYSE:SKM - Get Free Report) last announced 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%. As a group, equities research analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

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.