Euro Pacific Asset Management LLC Purchases 49,653 Shares of SK Telecom Co., Ltd. $SKM

Euro Pacific Asset Management LLC boosted its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 69.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,537 shares of the Wireless communications provider’s stock after purchasing an additional 49,653 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in SK Telecom were worth $2,841,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SKM. Wealth Enhancement Advisory Services LLC increased its position in shares of SK Telecom by 46.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,587 shares of the Wireless communications provider’s stock worth $265,000 after acquiring an additional 3,980 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SK Telecom by 1,961.9% during the 1st quarter. GAMMA Investing LLC now owns 62,249 shares of the Wireless communications provider’s stock worth $1,323,000 after acquiring an additional 59,230 shares during the period. Parallel Advisors LLC boosted its holdings in shares of SK Telecom by 55.0% during the 1st quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider’s stock worth $53,000 after buying an additional 884 shares during the period. Rhumbline Advisers grew its position in shares of SK Telecom by 8.6% in the first quarter. Rhumbline Advisers now owns 94,631 shares of the Wireless communications provider’s stock valued at $2,012,000 after purchasing an additional 7,485 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of SK Telecom by 24.4% during the first quarter. CHICAGO TRUST Co NA now owns 13,033 shares of the Wireless communications provider’s stock worth $277,000 after buying an additional 2,559 shares in the last quarter.

SK Telecom Stock Down 0.3%

SKM stock opened at $21.68 on Monday. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 11.04 and a beta of 0.58. The stock has a fifty day moving average of $21.99 and a 200-day moving average of $21.82. SK Telecom Co., Ltd. has a fifty-two week low of $19.84 and a fifty-two week high of $24.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.03.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.20). The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.14 billion. SK Telecom had a return on equity of 8.92% and a net margin of 5.92%. As a group, equities research analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SKM. The Goldman Sachs Group downgraded SK Telecom from a “neutral” rating to a “sell” rating in a research note on Monday, July 7th. Weiss Ratings restated a “hold (c+)” rating on shares of SK Telecom in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, SK Telecom has an average rating of “Hold”.

About SK Telecom

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.