Vident Advisory LLC Has $1.55 Million Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Vident Advisory LLC raised its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 73,815 shares of the Wireless communications provider’s stock after acquiring an additional 610 shares during the quarter. Vident Advisory LLC’s holdings in SK Telecom were worth $1,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of SK Telecom by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock valued at $61,827,000 after acquiring an additional 583,519 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in SK Telecom by 9.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider’s stock valued at $33,567,000 after purchasing an additional 133,742 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of SK Telecom during the 4th quarter worth approximately $10,712,000. O Shaughnessy Asset Management LLC raised its stake in shares of SK Telecom by 41.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 289,356 shares of the Wireless communications provider’s stock worth $6,088,000 after purchasing an additional 85,278 shares in the last quarter. Finally, Meritage Portfolio Management raised its stake in shares of SK Telecom by 24.5% during the 4th quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider’s stock worth $4,674,000 after purchasing an additional 43,778 shares in the last quarter.

SK Telecom Stock Down 1.5%

SKM opened at $20.36 on Friday. The stock’s fifty day simple moving average is $21.39 and its 200 day simple moving average is $21.75. SK Telecom Co., Ltd. has a 1-year low of $19.84 and a 1-year high of $24.58. The stock has a market cap of $8.02 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.27 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48.

SK Telecom (NYSE:SKM) last issued its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.12 billion. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. As a group, research analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of SK Telecom from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lowered shares of SK Telecom from an “overweight” rating to a “neutral” rating in a research note on Monday, May 12th. The Goldman Sachs Group cut shares of SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Citigroup downgraded shares of SK Telecom from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Finally, New Street Research raised SK Telecom to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, SK Telecom presently has a consensus rating of “Hold”.

About SK Telecom

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.