Great Lakes Advisors LLC Acquires 7,535 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Great Lakes Advisors LLC increased its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,187 shares of the Wireless communications provider’s stock after buying an additional 7,535 shares during the period. Great Lakes Advisors LLC’s holdings in SK Telecom were worth $1,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SKM. Robeco Institutional Asset Management B.V. boosted its holdings in SK Telecom by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after buying an additional 583,519 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in SK Telecom in the 3rd quarter valued at $4,227,000. Raymond James Financial Inc. bought a new position in SK Telecom in the 4th quarter valued at $1,879,000. Meritage Portfolio Management boosted its holdings in SK Telecom by 24.5% in the 4th quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider’s stock valued at $4,674,000 after purchasing an additional 43,778 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in SK Telecom in the 3rd quarter valued at $1,022,000.

Analyst Ratings Changes

Several research analysts have commented on SKM shares. The Goldman Sachs Group downgraded shares of SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. StockNews.com downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, UBS Group initiated coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

SK Telecom Stock Performance

SK Telecom stock opened at $21.41 on Friday. The firm’s fifty day moving average price is $21.62 and its 200-day moving average price is $22.44. 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 stock has a market cap of $8.43 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. 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) last posted 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 net margin of 7.26% and a return on equity of 10.39%. On average, equities research analysts expect 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.