North of South Capital LLP Makes New Investment in SK Telecom Co., Ltd. (NYSE:SKM)

North of South Capital LLP acquired a new position in SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 42,917 shares of the Wireless communications provider’s stock, valued at approximately $903,000. SK Telecom makes up 0.1% of North of South Capital LLP’s holdings, making the stock its 17th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in shares of SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 721 shares during the last quarter. GAMMA Investing LLC increased its position in shares of SK Telecom by 34.4% in the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after purchasing an additional 773 shares during the last quarter. First Affirmative Financial Network increased its position in shares of SK Telecom by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider’s stock worth $266,000 after purchasing an additional 1,005 shares during the last quarter. Assetmark Inc. grew its position in shares of SK Telecom by 57.6% during the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after buying an additional 1,078 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of SK Telecom by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock valued at $392,000 after buying an additional 1,114 shares during the last quarter.

Analyst Upgrades and Downgrades

SKM has been the subject of several recent analyst reports. UBS Group started coverage on shares of SK Telecom in a research report on Wednesday. They issued a “buy” rating for the company. StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 1st.

SK Telecom Trading Up 2.8 %

SK Telecom stock opened at $23.04 on Friday. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. 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 firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 1.23 and a beta of 0.80. The company has a 50 day moving average price of $21.50 and a 200 day moving average price of $22.52.

SK Telecom (NYSE:SKM) last released its earnings results 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%. Research analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

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.