Signaturefd LLC Boosts Stake in SK Telecom Co., Ltd. $SKM

Signaturefd LLC lifted its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 839.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,524 shares of the Wireless communications provider’s stock after buying an additional 8,510 shares during the quarter. Signaturefd LLC’s holdings in SK Telecom were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SKM. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SK Telecom in the first quarter valued at approximately $37,000. Farther Finance Advisors LLC boosted its stake in shares of SK Telecom by 1,780.9% in the second quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock valued at $39,000 after buying an additional 1,585 shares in the last quarter. SVB Wealth LLC acquired a new position in SK Telecom during the first quarter worth $42,000. Brooklyn Investment Group raised its holdings in SK Telecom by 854.4% during the first quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 2,059 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in SK Telecom by 55.0% during the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider’s stock worth $53,000 after purchasing an additional 884 shares during the last quarter.

SK Telecom Stock Performance

NYSE SKM opened at $21.74 on Friday. SK Telecom Co., Ltd. has a fifty-two week low of $19.84 and a fifty-two week high of $24.34. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 11.02 and a beta of 0.58. The business has a fifty day moving average of $22.00 and a 200-day moving average of $21.82. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.62.

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut SK Telecom from a “neutral” rating to a “sell” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SK Telecom has a consensus rating of “Hold”.

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.