SK Telecom Co., Ltd. (NYSE:SKM) Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in SK Telecom Co., Ltd. (NYSE:SKMFree Report) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,159,884 shares of the Wireless communications provider’s stock after buying an additional 37,186 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SK Telecom were worth $25,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in SK Telecom by 474.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,106 shares of the Wireless communications provider’s stock worth $238,000 after buying an additional 9,171 shares in the last quarter. Scotia Capital Inc. raised its holdings in shares of SK Telecom by 7.2% during the 3rd quarter. Scotia Capital Inc. now owns 31,290 shares of the Wireless communications provider’s stock valued at $672,000 after purchasing an additional 2,105 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of SK Telecom by 9.9% during the 3rd quarter. Natixis Advisors L.P. now owns 42,815 shares of the Wireless communications provider’s stock valued at $919,000 after purchasing an additional 3,864 shares in the last quarter. DGS Capital Management LLC raised its holdings 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 valued at $2,040,000 after purchasing an additional 10,784 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of SK Telecom during the 4th quarter valued at $29,000.

SK Telecom Price Performance

NYSE:SKM opened at $20.89 on Friday. SK Telecom Co., Ltd. has a 1 year low of $18.52 and a 1 year high of $22.71. The firm’s fifty day simple moving average is $20.99 and its 200 day simple moving average is $21.16. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60.

SK Telecom (NYSE:SKMGet Free Report) last posted its earnings results on Wednesday, May 8th. The Wireless communications provider reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $3.36 billion for the quarter. SK Telecom had a net margin of 6.53% and a return on equity of 8.97%. As a group, sell-side analysts expect that SK Telecom Co., Ltd. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SKM has been the topic of a number of recent research reports. Nomura upgraded shares of SK Telecom from a “reduce” rating to a “neutral” rating in a report on Wednesday, May 8th. Nomura Securities upgraded shares of SK Telecom from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, StockNews.com lowered shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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About SK Telecom

(Free Report)

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.

See Also

Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

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