Atria Investments Inc Takes $504,000 Position in SK Telecom Co., Ltd. $SKM

Atria Investments Inc acquired a new position in SK Telecom Co., Ltd. (NYSE:SKM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,569 shares of the Wireless communications provider’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new position in SK Telecom in the 1st quarter worth approximately $37,000. Farther Finance Advisors LLC lifted its holdings 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 worth $39,000 after buying an additional 1,585 shares in the last quarter. SVB Wealth LLC bought a new position in shares of SK Telecom during the first quarter worth $42,000. Brooklyn Investment Group boosted its position in shares of 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 acquiring an additional 2,059 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in SK Telecom by 315.8% during the second quarter. Hantz Financial Services Inc. now owns 2,216 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 1,683 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of SK Telecom in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SK Telecom Stock Performance

Shares of NYSE:SKM opened at $20.34 on Tuesday. The firm has a fifty day simple moving average of $21.31 and a two-hundred day simple moving average of $21.68. SK Telecom Co., Ltd. has a 52 week low of $19.84 and a 52 week high of $24.34. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $8.01 billion, a P/E ratio of 10.43, a PEG ratio of 15.17 and a beta of 0.56.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.56). SK Telecom had a net margin of 5.92% and a return on equity of 8.92%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.08 billion. On average, analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

SK Telecom Company 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.