O Shaughnessy Asset Management LLC Has $6.09 Million Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

O Shaughnessy Asset Management LLC lifted its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 41.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 289,356 shares of the Wireless communications provider’s stock after purchasing an additional 85,278 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in SK Telecom were worth $6,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC increased its holdings in shares of SK Telecom by 158.4% in the third quarter. FMR LLC now owns 53,102 shares of the Wireless communications provider’s stock valued at $1,262,000 after purchasing an additional 32,549 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of SK Telecom during the 3rd quarter worth about $221,000. Centiva Capital LP grew its stake in SK Telecom by 73.0% in the 3rd quarter. Centiva Capital LP now owns 17,981 shares of the Wireless communications provider’s stock valued at $427,000 after buying an additional 7,588 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in SK Telecom in the 3rd quarter valued at about $309,000. Finally, Quantinno Capital Management LP raised its holdings in SK Telecom by 92.2% in the 3rd quarter. Quantinno Capital Management LP now owns 51,828 shares of the Wireless communications provider’s stock valued at $1,232,000 after acquiring an additional 24,857 shares during the period.

SK Telecom Stock Performance

Shares of NYSE:SKM opened at $21.18 on Wednesday. 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 company’s 50 day moving average price is $21.65 and its two-hundred day moving average price is $22.25. The firm has a market cap of $8.34 billion, a PE ratio of 8.64, a PEG ratio of 1.27 and a beta of 0.77.

SK Telecom (NYSE:SKM) last issued 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%. Equities research analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. UBS Group began coverage on SK Telecom in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group downgraded SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.