Quadrant Capital Group LLC Purchases 764 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Quadrant Capital Group LLC increased its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,797 shares of the Wireless communications provider’s stock after acquiring an additional 764 shares during the quarter. Quadrant Capital Group LLC’s holdings in SK Telecom were worth $122,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Principal Securities Inc. lifted its holdings in shares of SK Telecom by 147.7% during the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 721 shares during the period. GAMMA Investing LLC increased its holdings in shares of SK Telecom by 34.4% in the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 773 shares in the last quarter. First Affirmative Financial Network increased its stake in shares of SK Telecom by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider’s stock valued at $266,000 after buying an additional 1,005 shares during the period. Matthews International Capital Management LLC raised its holdings in SK Telecom by 102.5% during the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 1,291 shares during the last quarter. Finally, Everstar Asset Management LLC raised its stake in shares of SK Telecom by 8.0% during the fourth quarter. Everstar Asset Management LLC now owns 20,462 shares of the Wireless communications provider’s stock worth $431,000 after buying an additional 1,512 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, UBS Group began coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

SK Telecom Stock Up 4.2 %

SK Telecom stock opened at $21.31 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The company’s 50-day moving average is $21.58 and its 200-day moving average is $22.10. The firm has a market capitalization of $8.39 billion, a PE ratio of 8.70, a P/E/G ratio of 1.27 and a beta of 0.71. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58.

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