SG Americas Securities LLC Sells 22,965 Shares of SK Telecom Co., Ltd. $SKM

SG Americas Securities LLC reduced its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 76.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,198 shares of the Wireless communications provider’s stock after selling 22,965 shares during the period. SG Americas Securities LLC’s holdings in SK Telecom were worth $155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. lifted its holdings in SK Telecom by 38.9% during the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock valued at $39,000 after purchasing an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of SK Telecom by 10.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock valued at $134,000 after purchasing an additional 560 shares during the period. Euro Pacific Asset Management LLC raised its position in shares of SK Telecom by 0.5% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 122,155 shares of the Wireless communications provider’s stock valued at $2,656,000 after purchasing an additional 618 shares during the period. Probity Advisors Inc. lifted its stake in shares of SK Telecom by 2.3% during the 2nd quarter. Probity Advisors Inc. now owns 29,505 shares of the Wireless communications provider’s stock valued at $689,000 after buying an additional 676 shares in the last quarter. Finally, PDS Planning Inc lifted its stake in shares of SK Telecom by 8.6% during the 3rd quarter. PDS Planning Inc now owns 13,630 shares of the Wireless communications provider’s stock valued at $294,000 after buying an additional 1,080 shares in the last quarter.

SK Telecom Stock Performance

NYSE:SKM opened at $27.38 on Friday. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 6.05 and a beta of 0.49. SK Telecom Co., Ltd. has a 1 year low of $19.66 and a 1 year high of $27.83. The stock’s 50 day simple moving average is $21.10 and its two-hundred day simple moving average is $21.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.03.

SK Telecom (NYSE:SKM) last posted its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) EPS for the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. As a group, equities analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SKM. Zacks Research upgraded SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of SK Telecom in a research report on Monday, December 29th. Wall Street Zen cut SK Telecom from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Finally, Daiwa Capital Markets downgraded SK Telecom to a “hold” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

SK Telecom Company 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.