Boston Partners Has $1.83 Million Stock Holdings in SK Telecom Co., Ltd. $SKM

Boston Partners trimmed its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 41.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,604 shares of the Wireless communications provider’s stock after selling 56,328 shares during the quarter. Boston Partners’ holdings in SK Telecom were worth $1,832,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SKM. Farther Finance Advisors LLC lifted its holdings in SK Telecom by 1,780.9% during the second quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 1,585 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of SK Telecom during the first quarter worth about $42,000. Brooklyn Investment Group lifted its holdings in shares of SK Telecom by 854.4% during the 1st quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider’s stock valued at $49,000 after purchasing an additional 2,059 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of SK Telecom by 315.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,216 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 1,683 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of SK Telecom in the 1st quarter valued at approximately $85,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SK Telecom in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

SK Telecom Stock Down 0.1%

NYSE:SKM opened at $20.21 on Friday. The stock has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $21.57. SK Telecom Co., Ltd. has a 52-week low of $19.73 and a 52-week high of $24.34. The company has a market cap of $7.96 billion, a PE ratio of 10.36, a PEG ratio of 15.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.03.

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