SK Telecom Co., Ltd. (NYSE:SKM) Holdings Raised by Meritage Portfolio Management

Meritage Portfolio Management raised its holdings in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 24.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 222,170 shares of the Wireless communications provider's stock after acquiring an additional 43,778 shares during the period. Meritage Portfolio Management owned 0.06% of SK Telecom worth $4,674,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SKM. Dimensional Fund Advisors LP boosted its holdings in SK Telecom by 64.2% in the second quarter. Dimensional Fund Advisors LP now owns 62,780 shares of the Wireless communications provider's stock valued at $1,314,000 after purchasing an additional 24,538 shares during the last quarter. AQR Capital Management LLC bought a new position in SK Telecom during the 2nd quarter valued at $1,570,000. Millennium Management LLC grew its holdings in SK Telecom by 37.5% during the 2nd quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider's stock worth $3,325,000 after acquiring an additional 43,327 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of SK Telecom in the 2nd quarter worth about $469,000. Finally, GAMMA Investing LLC raised its stake in shares of SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider's stock valued at $53,000 after purchasing an additional 488 shares in the last quarter.

SK Telecom Stock Performance

SKM traded down $0.39 during trading hours on Friday, hitting $21.14. 165,864 shares of the stock were exchanged, compared to its average volume of 195,619. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. 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 simple moving average of $21.66 and a 200-day simple moving average of $22.54. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 1.92 and a beta of 0.80.

SK Telecom (NYSE:SKM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. The company had revenue of $3.35 billion for the quarter. Analysts anticipate that SK Telecom Co., Ltd. will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 1st.

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.