SK Telecom Co., Ltd. (NYSE:SKM) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,356 shares of the Wireless communications provider's stock after buying an additional 85,278 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.07% of SK Telecom worth $6,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Securities Inc. increased its position in shares of SK Telecom by 147.7% during the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 721 shares during the period. Matthews International Capital Management LLC raised its holdings in SK Telecom by 102.5% in the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock valued at $54,000 after acquiring an additional 1,291 shares in the last quarter. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 773 shares in the last quarter. Global Retirement Partners LLC lifted its stake in SK Telecom by 130.8% in the fourth quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock worth $158,000 after acquiring an additional 4,265 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in SK Telecom by 180.1% during the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider's stock worth $174,000 after acquiring an additional 5,311 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They set a "buy" rating for the company. StockNews.com downgraded SK Telecom from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, SK Telecom has an average rating of "Hold".

SK Telecom Stock Down 2.2 %

Shares of SK Telecom stock traded down $0.47 during trading hours on Friday, hitting $21.15. The company had a trading volume of 578,975 shares, compared to its average volume of 261,065. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The company's 50-day moving average is $21.65 and its two-hundred day moving average is $22.18. The company has a market cap of $8.33 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve month high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last released its quarterly earnings data 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 anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal 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.