Connor Clark & Lunn Investment Management Ltd. Has $4.23 Million Position in SK Telecom Co., Ltd. (NYSE:SKM)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,931 shares of the Wireless communications provider’s stock after buying an additional 23,091 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of SK Telecom worth $4,228,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. boosted its stake in SK Telecom by 147.7% during the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 721 shares in the last quarter. Matthews International Capital Management LLC boosted its stake in SK Telecom by 102.5% during the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 1,291 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after acquiring an additional 1,078 shares during the period. GAMMA Investing LLC lifted its holdings in shares of SK Telecom by 34.4% during the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 773 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of SK Telecom by 130.8% during the fourth quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $158,000 after acquiring an additional 4,265 shares during the period.

SK Telecom Stock Performance

SK Telecom stock opened at $21.41 on Monday. The stock has a 50-day simple moving average of $21.62 and a 200 day simple moving average of $22.44. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month high of $24.58. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 1.27 and a beta of 0.77.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. On average, research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SKM shares. UBS Group started coverage on SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating for the company. StockNews.com cut SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

SK Telecom Company Profile

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.