Arrowstreet Capital Limited Partnership Has $33.57 Million Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

Arrowstreet Capital Limited Partnership boosted its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,595,390 shares of the Wireless communications provider’s stock after buying an additional 133,742 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.41% of SK Telecom worth $33,567,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SKM. FMR LLC increased its position in SK Telecom by 158.4% during the third quarter. FMR LLC now owns 53,102 shares of the Wireless communications provider’s stock worth $1,262,000 after acquiring an additional 32,549 shares during the period. Townsquare Capital LLC bought a new position in shares of SK Telecom during the 3rd quarter worth about $221,000. Centiva Capital LP raised its position in shares of SK Telecom by 73.0% during the third quarter. Centiva Capital LP now owns 17,981 shares of the Wireless communications provider’s stock valued at $427,000 after buying an additional 7,588 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of SK Telecom in the third quarter valued at about $309,000. Finally, Quantinno Capital Management LP lifted its stake in shares of SK Telecom by 92.2% in the third quarter. Quantinno Capital Management LP now owns 51,828 shares of the Wireless communications provider’s stock valued at $1,232,000 after buying an additional 24,857 shares during the period.

SK Telecom Stock Up 0.5 %

Shares of SKM opened at $21.30 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $21.65 and a two-hundred day moving average price of $22.24. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.27 and a beta of 0.77. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58.

SK Telecom (NYSE:SKM) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Equities analysts predict that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com cut SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, UBS Group started coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

SK Telecom 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.