Boston Partners Invests $1.03 Million in SK Telecom Co., Ltd. (NYSE:SKM)

Boston Partners acquired a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 48,862 shares of the Wireless communications provider’s stock, valued at approximately $1,028,000.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. boosted its holdings in shares of SK Telecom by 147.7% in the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 721 shares in the last quarter. Matthews International Capital Management LLC lifted its position in SK Telecom by 102.5% in the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock valued at $54,000 after purchasing an additional 1,291 shares during the period. GAMMA Investing LLC boosted its holdings in SK Telecom by 34.4% in the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 773 shares in the last quarter. Global Retirement Partners LLC increased its position in SK Telecom by 130.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $158,000 after purchasing an additional 4,265 shares during the period. Finally, Assetmark Inc. raised its stake in shares of SK Telecom by 180.1% during the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider’s stock worth $174,000 after buying an additional 5,311 shares in the last quarter.

SK Telecom Stock Up 0.4 %

SKM stock opened at $21.38 on Friday. SK Telecom Co., Ltd. has a one year low of $19.88 and a one year high of $24.58. The stock has a market capitalization of $8.42 billion, a P/E ratio of 8.73, a PEG ratio of 1.27 and a beta of 0.77. The company has a 50 day moving average price of $21.66 and a two-hundred day moving average price of $22.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91.

SK Telecom (NYSE:SKM) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. UBS Group started coverage on shares of SK Telecom in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently 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.