1,380 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,380 shares of the Wireless communications provider’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its holdings in SK Telecom by 3,900.0% in the fourth quarter. CWM LLC now owns 1,160 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 1,131 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SK Telecom by 97.3% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 60,835 shares of the Wireless communications provider’s stock worth $1,302,000 after buying an additional 30,000 shares during the last quarter. DGS Capital Management LLC raised its position in shares of SK Telecom by 12.8% during the 4th quarter. DGS Capital Management LLC now owns 95,339 shares of the Wireless communications provider’s stock worth $2,040,000 after acquiring an additional 10,784 shares in the last quarter. Simplicity Solutions LLC boosted its holdings in SK Telecom by 43.7% in the fourth quarter. Simplicity Solutions LLC now owns 18,228 shares of the Wireless communications provider’s stock valued at $390,000 after purchasing an additional 5,539 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in SK Telecom by 50.0% in the fourth quarter. Cerity Partners LLC now owns 20,601 shares of the Wireless communications provider’s stock valued at $441,000 after purchasing an additional 6,863 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SKM. StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Friday. Nomura reaffirmed a “reduce” rating on shares of SK Telecom in a report on Monday, February 5th.

SK Telecom Trading Up 0.1 %

SKM opened at $20.82 on Tuesday. SK Telecom Co., Ltd. has a 52 week low of $18.52 and a 52 week high of $22.71. The business’s 50 day moving average is $21.29 and its two-hundred day moving average is $21.27. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.61.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Monday, April 29th. The Wireless communications provider reported $0.34 EPS for the quarter. SK Telecom had a net margin of 6.22% and a return on equity of 8.62%. The firm had revenue of $3.43 billion during the quarter. Analysts predict that SK Telecom Co., Ltd. will post 2.05 earnings per share for the current fiscal year.

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.