SK Telecom Co., Ltd. (NYSE:SKM) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,355,009 shares of the Wireless communications provider's stock after acquiring an additional 98,323 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in SK Telecom were worth $55,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SKM. Promethos Capital LLC acquired a new position in shares of SK Telecom during the first quarter worth about $5,875,000. Teachers Retirement System of The State of Kentucky acquired a new position in SK Telecom during the 1st quarter worth approximately $3,364,000. Acadian Asset Management LLC boosted its holdings in SK Telecom by 79.6% in the 1st quarter. Acadian Asset Management LLC now owns 281,508 shares of the Wireless communications provider's stock worth $6,068,000 after acquiring an additional 124,739 shares during the period. AQR Capital Management LLC purchased a new position in SK Telecom in the 2nd quarter worth approximately $1,570,000. Finally, Millennium Management LLC grew its position 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 acquiring an additional 43,327 shares in the last quarter.

Analysts Set New Price Targets

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

SK Telecom Trading Down 0.7 %

Shares of NYSE:SKM traded down $0.15 during trading on Tuesday, hitting $22.68. The company's stock had a trading volume of 125,049 shares, compared to its average volume of 270,734. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The stock's 50-day moving average price is $23.39 and its two-hundred day moving average price is $22.08.

SK Telecom (NYSE:SKM - Get Free Report) last released its earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share 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. As a group, analysts forecast that SK Telecom Co., Ltd. will post 2.24 EPS for the current year.

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.