Euro Pacific Asset Management LLC Trims Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Euro Pacific Asset Management LLC cut its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,991 shares of the Wireless communications provider’s stock after selling 826 shares during the period. Euro Pacific Asset Management LLC’s holdings in SK Telecom were worth $1,562,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SKM. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SK Telecom in the third quarter worth about $4,227,000. Robeco Institutional Asset Management B.V. increased its holdings in SK Telecom by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock worth $55,979,000 after acquiring an additional 98,323 shares in the last quarter. AQR Capital Management LLC bought a new stake in SK Telecom during the 2nd quarter worth approximately $1,570,000. Meritage Portfolio Management lifted its holdings in SK Telecom by 45.6% during the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock valued at $4,240,000 after purchasing an additional 55,877 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of SK Telecom by 37.5% in the second quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider’s stock worth $3,325,000 after purchasing an additional 43,327 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Friday.

SK Telecom Stock Up 0.2 %

Shares of SKM opened at $21.39 on Friday. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month high of $24.58. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $8.43 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The business’s 50 day moving average is $22.00 and its 200 day moving average is $22.51.

SK Telecom (NYSE:SKM) last released its earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. The firm had revenue of $3.35 billion for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. Research analysts expect that SK Telecom Co., Ltd. will post 1.96 earnings per share for the current fiscal year.

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.