5,294 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Acquired by Advisors Preferred LLC

Advisors Preferred LLC bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,294 shares of the Wireless communications provider’s stock, valued at approximately $112,000.

Other large investors have also bought and sold shares of the company. CWM LLC increased its stake in SK Telecom by 3,900.0% during the 4th quarter. CWM LLC now owns 1,160 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 1,131 shares in the last quarter. Assetmark Inc. bought a new position in shares of SK Telecom during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of SK Telecom by 1,558.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 1,231 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of SK Telecom during the 4th quarter worth approximately $29,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of SK Telecom by 116.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,342 shares of the Wireless communications provider’s stock worth $72,000 after acquiring an additional 1,798 shares in the last quarter.

Analyst Ratings Changes

SKM has been the subject of several research reports. Nomura Securities raised shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 8th. StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th. Finally, Nomura raised shares of SK Telecom from a “reduce” rating to a “neutral” rating in a research note on Wednesday, May 8th.

SK Telecom Stock Down 0.5 %

Shares of NYSE:SKM traded down $0.11 during midday trading on Wednesday, hitting $21.42. The stock had a trading volume of 348,423 shares, compared to its average volume of 295,291. SK Telecom Co., Ltd. has a 12 month low of $19.34 and a 12 month high of $22.71. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. The business’s 50-day simple moving average is $21.05 and its 200-day simple moving average is $21.14. The company has a market cap of $9.46 billion, a P/E ratio of 16.91, a PEG ratio of 2.87 and a beta of 0.77.

SK Telecom (NYSE:SKM) last released its earnings results on Wednesday, May 8th. The Wireless communications provider reported $0.68 earnings per share for the quarter. SK Telecom had a net margin of 6.53% and a return on equity of 8.97%. The business had revenue of $3.36 billion during the quarter. On average, sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.13 earnings per share for the current fiscal year.

SK Telecom Company 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.