WINTON GROUP Ltd Invests $965,000 in SK Telecom Co., Ltd. $SKM

WINTON GROUP Ltd bought a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,000 shares of the Wireless communications provider’s stock, valued at approximately $965,000.

Several other hedge funds also recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in shares of SK Telecom in the fourth quarter valued at $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SK Telecom in the 4th quarter valued at about $30,000. Wexford Capital LP purchased a new position in SK Telecom in the 3rd quarter valued at about $39,000. Matthews International Capital Management LLC boosted its stake in shares of SK Telecom by 33.5% during the 1st quarter. Matthews International Capital Management LLC now owns 3,326 shares of the Wireless communications provider’s stock worth $97,000 after purchasing an additional 835 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of SK Telecom during the first quarter worth about $85,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SKM shares. Weiss Ratings raised shares of SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Zacks Research downgraded SK Telecom from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, August 27th. Wall Street Zen raised SK Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, JPMorgan Chase & Co. upgraded SK Telecom from a “neutral” rating to an “overweight” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

SK Telecom Trading Down 0.1%

NYSE SKM opened at $37.84 on Monday. The company has a market cap of $14.52 billion, a P/E ratio of 30.27 and a beta of 0.67. SK Telecom Co., Ltd. has a 12 month low of $19.66 and a 12 month high of $47.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.15. The company has a 50-day moving average of $35.35 and a 200-day moving average of $34.91.

SK Telecom (NYSE:SKM) last released its earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.22. SK Telecom had a net margin of 4.23% and a return on equity of 5.59%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.96 billion. As a group, equities analysts predict that SK Telecom Co., Ltd. will post 2.21 earnings per share for the current year.

SK Telecom Profile

SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications, broadband internet, and media services. Its offerings include wireless voice and data plans, 5G connectivity, fixed-line broadband, internet protocol television, and related digital services for consumers and businesses.

The company also develops enterprise technology solutions in areas such as artificial intelligence, cloud computing, data centers, cybersecurity, and connected devices.