Tandem Financial LLC Makes New $204,000 Investment in SK Telecom Co., Ltd. (NYSE:SKM)

Tandem Financial LLC purchased a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,712 shares of the Wireless communications provider’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Natixis Advisors LLC boosted its stake in SK Telecom by 36.9% in the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock worth $2,309,000 after buying an additional 26,206 shares during the last quarter. Dimensional Fund Advisors LP grew 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 period. Robeco Institutional Asset Management B.V. increased its position in SK Telecom by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock worth $55,979,000 after purchasing an additional 98,323 shares during the last quarter. QRG Capital Management Inc. raised its stake in SK Telecom by 100.8% during the third quarter. QRG Capital Management Inc. now owns 48,004 shares of the Wireless communications provider’s stock worth $1,141,000 after purchasing an additional 24,103 shares during the period. Finally, Blue Trust Inc. raised its stake in SK Telecom by 51.2% during the fourth quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider’s stock worth $1,385,000 after purchasing an additional 22,281 shares during the period.

SK Telecom Stock Performance

SK Telecom stock opened at $21.52 on Friday. 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 company has a market cap of $8.48 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.91 and a beta of 0.80. The stock’s 50-day moving average is $21.77 and its 200-day moving average is $22.54.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st.

SK Telecom 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.