Boston Partners Sells 56,328 Shares of SK Telecom Co., Ltd. $SKM

Boston Partners cut its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 41.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,604 shares of the Wireless communications provider’s stock after selling 56,328 shares during the period. Boston Partners’ holdings in SK Telecom were worth $1,832,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SK Telecom in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SK Telecom presently has an average rating of “Hold”.

SK Telecom Trading Down 0.1%

SKM stock opened at $20.21 on Friday. SK Telecom Co., Ltd. has a one year low of $19.73 and a one year high of $24.34. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 15.17 and a beta of 0.56. The company has a fifty day moving average price of $20.84 and a two-hundred day moving average price of $21.57. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.01.

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

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.