Ceera Investments LLC Has $1.27 Million Stock Position in SK Telecom Co., Ltd. $SKM

Ceera Investments LLC lifted its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 61.4% in the 3rd quarter, Holdings Channel reports. The firm owned 58,900 shares of the Wireless communications provider’s stock after buying an additional 22,400 shares during the quarter. Ceera Investments LLC’s holdings in SK Telecom were worth $1,272,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SKM. Arrowstreet Capital Limited Partnership raised its stake in shares of SK Telecom by 16.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,193,435 shares of the Wireless communications provider’s stock valued at $51,217,000 after acquiring an additional 303,646 shares in the last quarter. JPMorgan Chase & Co. lifted its position in SK Telecom by 236.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 383,123 shares of the Wireless communications provider’s stock worth $8,946,000 after acquiring an additional 269,135 shares during the last quarter. Creative Planning lifted its position in SK Telecom by 600.0% during the 2nd quarter. Creative Planning now owns 167,169 shares of the Wireless communications provider’s stock worth $3,903,000 after acquiring an additional 143,287 shares during the last quarter. Millennium Management LLC boosted its holdings in SK Telecom by 160.7% during the first quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock valued at $4,823,000 after acquiring an additional 139,829 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of SK Telecom by 1,406.1% in the second quarter. Quadrant Capital Group LLC now owns 108,303 shares of the Wireless communications provider’s stock valued at $2,529,000 after purchasing an additional 101,112 shares during the last quarter.

SK Telecom Price Performance

SKM stock opened at $28.41 on Friday. The business has a fifty day moving average price of $22.14 and a 200 day moving average price of $21.68. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. SK Telecom Co., Ltd. has a fifty-two week low of $19.66 and a fifty-two week high of $30.29.

SK Telecom (NYSE:SKM) last announced its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) EPS for the quarter. The business had revenue of $2.83 billion for the quarter. SK Telecom had a return on equity of 5.30% and a net margin of 3.60%. On average, analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Daiwa Securities Group lowered SK Telecom to a “hold” rating in a report on Wednesday, January 14th. Wall Street Zen raised shares of SK Telecom from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of SK Telecom in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SK Telecom currently has an average rating of “Hold”.

SK Telecom Company Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.