Dimensional Fund Advisors LP Grows Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

Dimensional Fund Advisors LP raised its position in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 64.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,780 shares of the Wireless communications provider's stock after purchasing an additional 24,538 shares during the quarter. Dimensional Fund Advisors LP's holdings in SK Telecom were worth $1,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Promethos Capital LLC purchased a new stake in shares of SK Telecom during the first quarter worth $5,875,000. Teachers Retirement System of The State of Kentucky acquired a new position in SK Telecom in the first quarter valued at $3,364,000. Meritage Portfolio Management acquired a new position in SK Telecom in the first quarter valued at $2,691,000. Acadian Asset Management LLC raised its holdings in shares of SK Telecom by 79.6% in the first quarter. Acadian Asset Management LLC now owns 281,508 shares of the Wireless communications provider's stock valued at $6,068,000 after buying an additional 124,739 shares during the last quarter. Finally, DGS Capital Management LLC raised its holdings in shares of SK Telecom by 63.6% in the first quarter. DGS Capital Management LLC now owns 155,930 shares of the Wireless communications provider's stock valued at $3,362,000 after buying an additional 60,591 shares during the last quarter.

SK Telecom Stock Up 0.5 %

NYSE SKM traded up $0.11 during trading hours on Friday, hitting $22.94. 220,712 shares of the stock were exchanged, compared to its average volume of 215,301. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month high of $24.58. The stock has a 50-day moving average of $23.29 and a 200 day moving average of $21.84. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60.

SK Telecom (NYSE:SKM - Get Free Report) last issued its earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a net margin of 6.52% and a return on equity of 8.94%. The company had revenue of $3.22 billion during the quarter. Sell-side analysts predict that SK Telecom Co., Ltd. will post 2.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of SK Telecom from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 7th.

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.