Robeco Institutional Asset Management B.V. Purchases 98,323 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Robeco Institutional Asset Management B.V. boosted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 4.4% in the third quarter, Holdings Channel reports. The fund owned 2,355,009 shares of the Wireless communications provider’s stock after acquiring an additional 98,323 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SK Telecom were worth $55,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in SK Telecom by 64.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 62,780 shares of the Wireless communications provider’s stock valued at $1,314,000 after purchasing an additional 24,538 shares during the period. Acadian Asset Management LLC grew its stake in shares of SK Telecom by 79.6% in the first quarter. Acadian Asset Management LLC now owns 281,508 shares of the Wireless communications provider’s stock worth $6,068,000 after acquiring an additional 124,739 shares during the last quarter. Simplicity Wealth LLC increased its position in SK Telecom by 14.3% during the second quarter. Simplicity Wealth LLC now owns 22,643 shares of the Wireless communications provider’s stock worth $474,000 after acquiring an additional 2,827 shares during the period. Sei Investments Co. raised its stake in SK Telecom by 8.0% during the 1st quarter. Sei Investments Co. now owns 134,186 shares of the Wireless communications provider’s stock valued at $2,893,000 after purchasing an additional 9,953 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in SK Telecom in the 1st quarter valued at $3,364,000.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.

SK Telecom Price Performance

Shares of NYSE:SKM opened at $22.83 on Tuesday. The business’s 50 day moving average is $23.39 and its 200-day moving average is $22.08. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $10.08 billion, a PE ratio of 12.90, a PEG ratio of 2.12 and a beta of 0.77. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a net margin of 6.52% and a return on equity of 8.94%. The firm had revenue of $3.22 billion for the quarter. Sell-side analysts predict that SK Telecom Co., Ltd. will post 2.24 earnings per share for the current year.

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.