B. Metzler seel. Sohn & Co. AG Acquires Shares of 18,507 SK Telecom Co., Ltd. $SKM

B. Metzler seel. Sohn & Co. AG acquired a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,507 shares of the Wireless communications provider’s stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in shares of SK Telecom by 17.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,462,769 shares of the Wireless communications provider’s stock worth $50,561,000 after acquiring an additional 374,428 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of SK Telecom in the 3rd quarter worth $4,319,000. Creative Planning increased its stake in shares of SK Telecom by 108.0% in the 3rd quarter. Creative Planning now owns 347,750 shares of the Wireless communications provider’s stock worth $7,511,000 after acquiring an additional 180,581 shares during the last quarter. Boston Common Asset Management LLC increased its stake in shares of SK Telecom by 83.1% in the 4th quarter. Boston Common Asset Management LLC now owns 362,424 shares of the Wireless communications provider’s stock worth $7,441,000 after acquiring an additional 164,472 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of SK Telecom by 160.7% in the 1st quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock worth $4,823,000 after acquiring an additional 139,829 shares during the last quarter.

Analyst Upgrades and Downgrades

SKM has been the subject of a number of recent research reports. Bank of America downgraded SK Telecom from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 18th. Daiwa Securities Group downgraded SK Telecom to a “hold” rating in a research note on Wednesday, January 14th. Weiss Ratings raised SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 12th. Citigroup downgraded SK Telecom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Finally, Zacks Research downgraded SK Telecom from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

SK Telecom Stock Down 1.8%

Shares of NYSE:SKM opened at $37.34 on Tuesday. The business has a 50-day moving average price of $32.00 and a 200 day moving average price of $25.56. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 0.25 and a beta of 0.46. SK Telecom Co., Ltd. has a 12-month low of $19.66 and a 12-month high of $40.49.

SK Telecom (NYSE:SKM) last issued its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $10.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $10.57. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.02 billion. SK Telecom had a return on equity of 3.21% and a net margin of 2.28%. Sell-side analysts expect that SK Telecom Co., Ltd. will post 2.63 EPS for the current year.

SK Telecom Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.