SK Telecom Co., Ltd. (NYSE:SKM) Holdings Raised by Meritage Portfolio Management

Meritage Portfolio Management lifted its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 24.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 222,170 shares of the Wireless communications provider’s stock after purchasing an additional 43,778 shares during the quarter. Meritage Portfolio Management’s holdings in SK Telecom were worth $4,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of SK Telecom by 27.8% in the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after buying an additional 488 shares during the period. Matthews International Capital Management LLC boosted its stake in SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 1,291 shares during the period. Assetmark Inc. grew its position in 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 purchasing an additional 1,078 shares in the last quarter. PDS Planning Inc acquired a new stake in SK Telecom during the 3rd quarter valued at $200,000. Finally, D Orazio & Associates Inc. purchased a new stake in shares of SK Telecom in the third quarter valued at $200,000.

SK Telecom Price Performance

Shares of SKM opened at $21.41 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 1.91 and a beta of 0.80. The business’s 50-day moving average is $21.87 and its 200-day moving average is $22.55. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58.

SK Telecom (NYSE:SKM) last released its earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $3.35 billion during the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. Equities research analysts expect that SK Telecom Co., Ltd. will post 2.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday.

SK Telecom Company 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.