SK Telecom Co., Ltd. $SKM Shares Purchased by Ceera Investments LLC

Ceera Investments LLC raised its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 61.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 58,900 shares of the Wireless communications provider’s stock after buying an additional 22,400 shares during the quarter. Ceera Investments LLC’s holdings in SK Telecom were worth $1,272,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of SK Telecom by 16.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,193,435 shares of the Wireless communications provider’s stock worth $51,217,000 after buying an additional 303,646 shares during the period. Great Lakes Advisors LLC increased its holdings in shares of SK Telecom by 1.4% during the third quarter. Great Lakes Advisors LLC now owns 1,104,689 shares of the Wireless communications provider’s stock valued at $23,861,000 after purchasing an additional 15,036 shares during the period. Bank of America Corp DE increased its holdings in shares of SK Telecom by 1.4% during the second quarter. Bank of America Corp DE now owns 809,167 shares of the Wireless communications provider’s stock valued at $18,894,000 after purchasing an additional 10,820 shares during the period. BNP Paribas Financial Markets lifted its holdings in SK Telecom by 14.6% in the second quarter. BNP Paribas Financial Markets now owns 615,893 shares of the Wireless communications provider’s stock worth $14,381,000 after purchasing an additional 78,430 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in SK Telecom by 3.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,496 shares of the Wireless communications provider’s stock valued at $10,379,000 after buying an additional 15,773 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Wall Street Zen raised SK Telecom from a “sell” rating to a “hold” rating in a research note on Saturday. Daiwa Securities Group lowered SK Telecom to a “hold” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SK Telecom in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, SK Telecom has a consensus rating of “Hold”.

SK Telecom Stock Performance

Shares of SKM opened at $28.41 on Friday. SK Telecom Co., Ltd. has a fifty-two week low of $19.66 and a fifty-two week high of $30.29. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average is $22.14 and its 200-day moving average is $21.68.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) EPS for the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. The company had revenue of $2.83 billion for the quarter. On average, analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

About SK Telecom

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.