Arrowstreet Capital Limited Partnership Has $51.22 Million Holdings in SK Telecom Co., Ltd. $SKM

Arrowstreet Capital Limited Partnership raised its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 16.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,193,435 shares of the Wireless communications provider’s stock after buying an additional 303,646 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in SK Telecom were worth $51,217,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SKM. Farther Finance Advisors LLC raised its holdings in shares of 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 valued at $39,000 after acquiring an additional 1,585 shares during the period. SVB Wealth LLC purchased a new position in SK Telecom during the 1st quarter worth approximately $42,000. Brooklyn Investment Group raised its stake in 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 during the period. Hantz Financial Services Inc. lifted its holdings in shares of SK Telecom by 315.8% in the second 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 purchased a new stake in shares of SK Telecom in the first quarter valued at $85,000.

Analyst Ratings Changes

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

SK Telecom Price Performance

Shares of NYSE:SKM opened at $20.28 on Friday. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 2.33 and a beta of 0.51. SK Telecom Co., Ltd. has a 1 year low of $19.73 and a 1 year high of $23.80. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $20.72 and a 200 day simple moving average of $21.55.

SK Telecom (NYSE:SKM) last issued its earnings results on Thursday, October 30th. The Wireless communications provider reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.56). SK Telecom had a net margin of 3.60% and a return on equity of 5.29%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.08 billion. As a group, sell-side analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal 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.