Rhumbline Advisers Increases Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

Rhumbline Advisers grew its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,146 shares of the Wireless communications provider's stock after acquiring an additional 20,506 shares during the quarter. Rhumbline Advisers' holdings in SK Telecom were worth $1,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new position in SK Telecom in the third quarter worth $205,000. First Trust Direct Indexing L.P. boosted its holdings in shares of SK Telecom by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider's stock worth $392,000 after purchasing an additional 1,114 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of SK Telecom by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider's stock valued at $55,979,000 after purchasing an additional 98,323 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of SK Telecom by 100.8% during the 3rd quarter. QRG Capital Management Inc. now owns 48,004 shares of the Wireless communications provider's stock valued at $1,141,000 after purchasing an additional 24,103 shares during the last quarter. Finally, PDS Planning Inc purchased a new position in shares of SK Telecom during the 3rd quarter valued at about $200,000.

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Wall Street Analyst Weigh In

A number of research analysts have commented on SKM shares. StockNews.com upgraded shares of 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 research note on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group cut shares of SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

SK Telecom Trading Down 0.4 %

SKM stock traded down $0.09 during trading on Friday, hitting $21.51. 182,245 shares of the company traded hands, compared to its average volume of 242,842. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The company has a 50-day moving average of $21.60 and a 200-day moving average of $22.52. The firm has a market capitalization of $8.47 billion, a PE ratio of 8.78, a P/E/G ratio of 1.27 and a beta of 0.80. SK Telecom Co., Ltd. has a 1 year low of $19.88 and a 1 year 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 for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Analysts predict 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.