Boston Common Asset Management LLC Sells 15,544 Shares of SK Telecom Co., Ltd. $SKM

Boston Common Asset Management LLC decreased its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,667 shares of the Wireless communications provider’s stock after selling 15,544 shares during the quarter. Boston Common Asset Management LLC’s holdings in SK Telecom were worth $4,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKM. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SK Telecom by 46.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,587 shares of the Wireless communications provider’s stock valued at $265,000 after acquiring an additional 3,980 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of SK Telecom by 1,961.9% during the first quarter. GAMMA Investing LLC now owns 62,249 shares of the Wireless communications provider’s stock valued at $1,323,000 after acquiring an additional 59,230 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of SK Telecom by 55.0% during the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 884 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of SK Telecom by 8.6% during the first quarter. Rhumbline Advisers now owns 94,631 shares of the Wireless communications provider’s stock valued at $2,012,000 after acquiring an additional 7,485 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its holdings in shares of SK Telecom by 24.4% during the first quarter. CHICAGO TRUST Co NA now owns 13,033 shares of the Wireless communications provider’s stock valued at $277,000 after acquiring an additional 2,559 shares in the last quarter.

SK Telecom Trading Down 0.3%

Shares of SK Telecom stock opened at $21.68 on Friday. The stock has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $21.82. SK Telecom Co., Ltd. has a 12-month low of $19.84 and a 12-month high of $24.34. The company has a market capitalization of $8.54 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 11.04 and a beta of 0.58. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.20). SK Telecom had a return on equity of 8.92% and a net margin of 5.92%.The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.14 billion. On average, sell-side analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group downgraded SK Telecom from a “neutral” rating to a “sell” rating in a report on Monday, July 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SK Telecom in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, SK Telecom has a consensus rating of “Hold”.

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.