37,508 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Acquired by Parvin Asset Management LLC

Parvin Asset Management LLC bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,508 shares of the Wireless communications provider’s stock, valued at approximately $789,000.

Several other institutional investors have also recently added to or reduced their stakes in SKM. Robeco Institutional Asset Management B.V. lifted its stake in SK Telecom by 24.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after purchasing an additional 583,519 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in SK Telecom by 9.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider’s stock valued at $33,567,000 after buying an additional 133,742 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in SK Telecom in the fourth quarter valued at approximately $1,879,000. O Shaughnessy Asset Management LLC lifted its stake in SK Telecom by 41.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 289,356 shares of the Wireless communications provider’s stock valued at $6,088,000 after buying an additional 85,278 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in SK Telecom by 77.2% in the fourth quarter. Natixis Advisors LLC now owns 172,199 shares of the Wireless communications provider’s stock valued at $3,623,000 after buying an additional 75,043 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 18th. UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SK Telecom currently has an average rating of “Moderate Buy”.

SK Telecom Trading Down 0.7 %

NYSE:SKM opened at $21.00 on Wednesday. The firm has a market cap of $8.27 billion, a P/E ratio of 8.57, a PEG ratio of 1.27 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $21.74 and its 200-day simple moving average is $21.99. SK Telecom Co., Ltd. has a 12-month low of $20.28 and a 12-month high of $24.58.

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

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.