North of South Capital LLP Takes $1.13 Million Position in SK Telecom Co., Ltd. $SKM

North of South Capital LLP bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 52,439 shares of the Wireless communications provider’s stock, valued at approximately $1,133,000. SK Telecom makes up about 0.1% of North of South Capital LLP’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of SK Telecom by 16.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,193,435 shares of the Wireless communications provider’s stock valued at $51,217,000 after purchasing an additional 303,646 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SK Telecom by 1.4% in the 2nd quarter. Bank of America Corp DE now owns 809,167 shares of the Wireless communications provider’s stock worth $18,894,000 after acquiring an additional 10,820 shares during the period. BNP Paribas Financial Markets increased its position in shares of SK Telecom by 14.6% in the second quarter. BNP Paribas Financial Markets now owns 615,893 shares of the Wireless communications provider’s stock valued at $14,381,000 after buying an additional 78,430 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in SK Telecom by 3.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,496 shares of the Wireless communications provider’s stock worth $10,379,000 after acquiring an additional 15,773 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of SK Telecom by 236.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 383,123 shares of the Wireless communications provider’s stock worth $8,946,000 after purchasing an additional 269,135 shares during the last quarter.

SK Telecom Trading Up 0.2%

Shares of SKM opened at $20.33 on Tuesday. SK Telecom Co., Ltd. has a twelve month low of $19.66 and a twelve month high of $23.80. The firm has a market capitalization of $7.99 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 0.65 and a beta of 0.49. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $20.22 and its 200 day simple moving average is $21.33.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) EPS for the quarter. SK Telecom had a return on equity of 5.30% and a net margin of 3.60%. On average, equities research analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

SKM has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of SK Telecom in a research note on Monday, December 29th. Zacks Research raised SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SK Telecom currently has an average rating of “Hold”.

SK Telecom Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.