O Shaughnessy Asset Management LLC Acquires 32,091 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

O Shaughnessy Asset Management LLC increased its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 36.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,244 shares of the Wireless communications provider’s stock after acquiring an additional 32,091 shares during the period. O Shaughnessy Asset Management LLC’s holdings in SK Telecom were worth $2,614,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of SK Telecom by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,159,884 shares of the Wireless communications provider’s stock valued at $25,007,000 after acquiring an additional 37,186 shares in the last quarter. LSV Asset Management lifted its position in shares of SK Telecom by 15.3% during the fourth quarter. LSV Asset Management now owns 415,831 shares of the Wireless communications provider’s stock worth $8,899,000 after acquiring an additional 55,270 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of SK Telecom by 79.6% during the first quarter. Acadian Asset Management LLC now owns 281,508 shares of the Wireless communications provider’s stock worth $6,068,000 after acquiring an additional 124,739 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of SK Telecom by 4.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 181,002 shares of the Wireless communications provider’s stock worth $3,843,000 after acquiring an additional 8,424 shares in the last quarter. Finally, DGS Capital Management LLC lifted its position in shares of SK Telecom by 63.6% during the first quarter. DGS Capital Management LLC now owns 155,930 shares of the Wireless communications provider’s stock worth $3,362,000 after acquiring an additional 60,591 shares in the last quarter.

Analysts Set New Price Targets

SKM has been the topic of several recent research reports. Nomura Securities upgraded SK Telecom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 8th. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. Finally, Nomura upgraded SK Telecom from a “reduce” rating to a “neutral” rating in a research report on Wednesday, May 8th.

SK Telecom Stock Up 0.7 %

SKM traded up $0.14 during trading on Wednesday, reaching $21.64. The stock had a trading volume of 195,732 shares, compared to its average volume of 292,265. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. SK Telecom Co., Ltd. has a one year low of $19.34 and a one year high of $22.71. The business has a 50-day moving average of $21.08 and a 200-day moving average of $21.16.

SK Telecom (NYSE:SKM) last released its earnings results on Wednesday, May 8th. The Wireless communications provider reported $0.68 EPS for the quarter. The business had revenue of $3.36 billion for the quarter. SK Telecom had a return on equity of 8.97% and a net margin of 6.53%. As a group, analysts forecast that SK Telecom Co., Ltd. will post 2.13 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.