Connor Clark & Lunn Investment Management Ltd. Purchases 23,091 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 13.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 200,931 shares of the Wireless communications provider’s stock after purchasing an additional 23,091 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in SK Telecom were worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SKM. Principal Securities Inc. raised its holdings in SK Telecom by 147.7% during the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 721 shares during the last quarter. Matthews International Capital Management LLC grew its position in shares of SK Telecom by 102.5% during the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 1,291 shares during the period. GAMMA Investing LLC grew its position in shares of SK Telecom by 34.4% during the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 773 shares during the period. Assetmark Inc. grew its position in shares of SK Telecom by 57.6% during the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of SK Telecom by 130.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $158,000 after buying an additional 4,265 shares during the period.

SK Telecom Price Performance

Shares of SKM opened at $21.41 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The stock has a 50 day simple moving average of $21.62 and a 200 day simple moving average of $22.44. SK Telecom Co., Ltd. has a 52-week low of $19.88 and a 52-week high of $24.58. The firm has a market capitalization of $8.43 billion, a PE ratio of 8.74, a P/E/G ratio of 1.27 and a beta of 0.77.

SK Telecom (NYSE:SKM) last issued its quarterly earnings data 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%. Sell-side analysts predict that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on SKM. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. UBS Group assumed coverage on SK Telecom in a research report on Wednesday, February 19th. They set a “buy” rating for the company. Finally, StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.