Ceera Investments LLC Invests $852,000 in SK Telecom Co., Ltd. $SKM

Ceera Investments LLC bought a new position in SK Telecom Co., Ltd. (NYSE:SKM) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 36,500 shares of the Wireless communications provider’s stock, valued at approximately $852,000.

Other large investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SK Telecom in the 1st quarter worth about $37,000. Farther Finance Advisors LLC boosted its stake in shares of SK Telecom by 1,780.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 1,585 shares during the period. SVB Wealth LLC purchased a new position in shares of SK Telecom during the 1st quarter worth about $42,000. Brooklyn Investment Group boosted its stake in shares of SK Telecom by 854.4% during the 1st quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 2,059 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of SK Telecom by 315.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,216 shares of the Wireless communications provider’s stock worth $52,000 after purchasing an additional 1,683 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group cut shares of SK Telecom from a “neutral” rating to a “sell” rating in a research note on Monday, July 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SK Telecom in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

SK Telecom Price Performance

SK Telecom stock opened at $20.19 on Monday. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 15.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.01. SK Telecom Co., Ltd. has a 1 year low of $19.84 and a 1 year high of $24.34. The firm has a 50-day moving average of $21.51 and a two-hundred day moving average of $21.79.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.56). The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.08 billion. SK Telecom had a net margin of 5.92% and a return on equity of 8.92%. On average, research analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

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.