Scotia Capital Inc. Boosts Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

Scotia Capital Inc. grew its position in shares of SK Telecom Co., Ltd. (NYSE:SKM – Get Rating) by 138.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,530 shares of the Wireless communications provider’s stock after buying an additional 15,401 shares during the period. Scotia Capital Inc.’s holdings in SK Telecom were worth $547,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SKM. Unison Advisors LLC raised its stake in shares of SK Telecom by 1.0% during the 4th quarter. Unison Advisors LLC now owns 74,211 shares of the Wireless communications provider’s stock valued at $1,571,000 after purchasing an additional 700 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of SK Telecom by 2.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,606 shares of the Wireless communications provider’s stock valued at $630,000 after purchasing an additional 709 shares during the last quarter. Bessemer Group Inc. increased its position in shares of SK Telecom by 10.6% during the 3rd quarter. Bessemer Group Inc. now owns 8,058 shares of the Wireless communications provider’s stock valued at $155,000 after purchasing an additional 770 shares during the last quarter. Group One Trading L.P. increased its position in shares of SK Telecom by 69.8% during the 1st quarter. Group One Trading L.P. now owns 2,043 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 840 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of SK Telecom by 145.6% during the 3rd quarter. Global Retirement Partners LLC now owns 1,552 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 920 shares during the last quarter. Hedge funds and other institutional investors own 4.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SKM. StockNews.com began coverage on SK Telecom in a research report on Thursday. They set a “buy” rating on the stock. Nomura cut SK Telecom from a “buy” rating to a “neutral” rating in a report on Thursday, February 9th.

SK Telecom Trading Up 0.3 %

NYSE SKM opened at $20.64 on Friday. SK Telecom Co., Ltd. has a fifty-two week low of $18.26 and a fifty-two week high of $25.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.88 and a current ratio of 0.90. The stock has a 50 day simple moving average of $20.36 and a two-hundred day simple moving average of $20.52. The stock has a market cap of $9.08 billion, a P/E ratio of 54.32, a price-to-earnings-growth ratio of 1.33 and a beta of 0.74.

SK Telecom (NYSE:SKM – Get Rating) last announced its earnings results on Friday, February 24th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 8.60% and a net margin of 5.78%. The firm had revenue of $3.24 billion during the quarter. On average, analysts forecast that SK Telecom Co., Ltd. will post 2.02 earnings per share for the current year.

About SK Telecom

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SK Telecom Co, Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.