Everstar Asset Management LLC Purchases 1,512 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Everstar Asset Management LLC grew its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,462 shares of the Wireless communications provider’s stock after acquiring an additional 1,512 shares during the quarter. Everstar Asset Management LLC’s holdings in SK Telecom were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers increased its stake in SK Telecom by 30.8% in the 4th quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider’s stock valued at $1,834,000 after buying an additional 20,506 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of SK Telecom by 2,337.9% in the third quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider’s stock valued at $422,000 after acquiring an additional 17,020 shares during the last quarter. Blue Trust Inc. boosted its position in SK Telecom by 51.2% during the fourth quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider’s stock valued at $1,385,000 after purchasing an additional 22,281 shares during the last quarter. Global Retirement Partners LLC grew its stake in SK Telecom by 130.8% in the fourth quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $158,000 after purchasing an additional 4,265 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of SK Telecom during the 4th quarter worth approximately $658,000.

SK Telecom Stock Down 1.2 %

NYSE SKM opened at $21.14 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The stock has a market capitalization of $8.32 billion, a PE ratio of 8.63, a PEG ratio of 1.27 and a beta of 0.77. The business has a fifty day moving average price of $21.65 and a two-hundred day moving average price of $22.29.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group assumed coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group cut shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

SK Telecom 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.