11,296 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,296 shares of the Wireless communications provider’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. lifted its stake in SK Telecom by 147.7% during the fourth 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. Matthews International Capital Management LLC lifted its stake in SK Telecom by 102.5% during the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 1,291 shares during the last quarter. Assetmark Inc. lifted its stake in SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after purchasing an additional 1,078 shares during the last quarter. GAMMA Investing LLC lifted its stake in SK Telecom by 34.4% during the fourth 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. Finally, Global Retirement Partners LLC lifted its stake in SK Telecom by 130.8% during the fourth quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $158,000 after purchasing an additional 4,265 shares during the last quarter.

SK Telecom Trading Down 0.7 %

NYSE SKM opened at $21.44 on Monday. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $21.60 and a 200-day moving average of $22.50. The firm has a market cap of $8.44 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77.

SK Telecom (NYSE:SKM) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analyst Ratings Changes

SKM has been the subject of several research analyst reports. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 1st. Finally, UBS Group began coverage on SK Telecom in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.