SK Telecom Co., Ltd. (NYSE:SKM) Stake Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,355,009 shares of the Wireless communications provider’s stock after acquiring an additional 98,323 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in SK Telecom were worth $55,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in SK Telecom by 27.8% during the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after buying an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of SK Telecom by 104.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 1,372 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of SK Telecom during the 1st quarter worth $112,000. Ariadne Wealth Management LP bought a new stake in shares of SK Telecom during the 2nd quarter worth $127,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of SK Telecom during the third quarter worth $205,000.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.

SK Telecom Stock Up 0.4 %

Shares of NYSE:SKM opened at $22.83 on Tuesday. The firm has a 50 day simple moving average of $23.39 and a 200 day simple moving average of $22.08. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.98. The company has a market cap of $10.08 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.77.

SK Telecom (NYSE:SKM) last issued its earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a return on equity of 8.94% and a net margin of 6.52%. The business had revenue of $3.22 billion during the quarter. As a group, research analysts expect that SK Telecom Co., Ltd. will post 2.24 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.