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

Robeco Institutional Asset Management B.V. increased its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,938,528 shares of the Wireless communications provider's stock after purchasing an additional 583,519 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.75% of SK Telecom worth $61,827,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SKM. GAMMA Investing LLC boosted its position in shares of SK Telecom by 27.8% in the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider's stock worth $53,000 after buying an additional 488 shares during the period. Matthews International Capital Management LLC grew its position 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. Assetmark Inc. raised its stake 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 purchasing an additional 1,078 shares during the period. Ariadne Wealth Management LP acquired a new position in shares of SK Telecom during the second quarter worth $127,000. Finally, PDS Planning Inc acquired a new stake in SK Telecom during the 3rd quarter valued at $200,000.

SK Telecom Stock Down 0.0 %

Shares of SKM stock traded down $0.01 during mid-day trading on Thursday, reaching $21.58. 34,814 shares of the company were exchanged, compared to its average volume of 202,731. The company has a market capitalization of $8.50 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.87 and a beta of 0.80. The business's 50 day simple moving average is $21.96 and its 200 day simple moving average is $22.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. The business had revenue of $3.35 billion for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. Research analysts predict that SK Telecom Co., Ltd. will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded SK Telecom from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 24th.

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.