SK Telecom Co., Ltd. $SKM Holdings Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in SK Telecom Co., Ltd. (NYSE:SKM) by 14.3% during the 3rd quarter, Holdings Channel reports. The fund owned 2,923,202 shares of the Wireless communications provider’s stock after buying an additional 366,561 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in SK Telecom were worth $102,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC acquired a new position in shares of SK Telecom during the second quarter worth about $42,869,000. BlueCrest Capital Management Ltd acquired a new stake in SK Telecom in the second quarter valued at about $24,120,000. ABN Amro Investment Solutions lifted its position in SK Telecom by 136.8% in the first quarter. ABN Amro Investment Solutions now owns 568,343 shares of the Wireless communications provider’s stock valued at $16,647,000 after purchasing an additional 328,300 shares during the period. Nykredit A S acquired a new stake in SK Telecom in the second quarter valued at about $14,475,000. Finally, Baird Financial Group Inc. purchased a new stake in SK Telecom in the 2nd quarter valued at approximately $14,459,000.

Analyst Upgrades and Downgrades

SKM has been the topic of several recent analyst reports. Wall Street Zen upgraded SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings raised SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Zacks Research raised SK Telecom from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. raised SK Telecom from a “neutral” rating to an “overweight” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

SK Telecom Trading Down 0.6%

Shares of SK Telecom stock opened at $32.08 on Thursday. SK Telecom Co., Ltd. has a 12-month low of $19.66 and a 12-month high of $47.18. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock has a market cap of $12.31 billion, a PE ratio of 25.66 and a beta of 0.72. The company has a 50-day moving average of $36.50 and a two-hundred day moving average of $35.95.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.22. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.96 billion. SK Telecom had a net margin of 4.23% and a return on equity of 5.30%. On average, research analysts anticipate that SK Telecom Co., Ltd. will post 2.21 EPS for the current fiscal year.

SK Telecom Company Profile

SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications and information technology services. The company offers wireless voice and data services, mobile connectivity, internet access, and related digital products to consumers and businesses.

Through its broadband and media operations, SK Telecom provides fixed-line internet, internet protocol television, and video and entertainment services. It also serves corporate and institutional customers with enterprise telecommunications, cloud, data center, cybersecurity, and other technology solutions.

SK Telecom is headquartered in South Korea and primarily serves the South Korean market, while also pursuing international opportunities through technology partnerships and investments.