SK Telecom Co., Ltd. $SKM Stock Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 5.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,618,447 shares of the Wireless communications provider’s stock after selling 89,699 shares during the period. Mawer Investment Management Ltd.’s holdings in SK Telecom were worth $56,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SKM. Robeco Institutional Asset Management B.V. lifted its holdings in shares of SK Telecom by 14.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,923,202 shares of the Wireless communications provider’s stock valued at $102,049,000 after buying an additional 366,561 shares during the period. Tidal Investments LLC purchased a new position in shares of SK Telecom in the 2nd quarter worth $42,869,000. BlueCrest Capital Management Ltd bought a new stake in shares of SK Telecom in the second quarter worth $24,120,000. ABN Amro Investment Solutions grew its holdings in shares of SK Telecom by 136.8% in the first quarter. ABN Amro Investment Solutions now owns 568,343 shares of the Wireless communications provider’s stock worth $16,647,000 after acquiring an additional 328,300 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in SK Telecom by 1.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 512,970 shares of the Wireless communications provider’s stock valued at $18,257,000 after acquiring an additional 5,855 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of SK Telecom in a research report on Wednesday. Zacks Research raised SK Telecom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 10th. Finally, Wall Street Zen downgraded SK Telecom from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

SK Telecom Stock Performance

SKM traded up $0.47 during midday trading on Friday, reaching $34.59. The company had a trading volume of 2,656,867 shares, compared to its average volume of 1,590,094. The business has a 50-day moving average of $34.09 and a two-hundred day moving average of $34.18. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. SK Telecom Co., Ltd. has a 1 year low of $19.66 and a 1 year high of $47.18. The company has a market cap of $13.27 billion, a P/E ratio of 12.49 and a beta of 0.78.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Wednesday, November 4th. The Wireless communications provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.27 billion. SK Telecom had a return on equity of 9.26% and a net margin of 7.49%. As a group, equities research analysts predict that SK Telecom Co., Ltd. will post 3.90 earnings per share for the current fiscal year.

SK Telecom Company Profile

SK Telecom is a South Korean telecommunications company that provides mobile voice and data services, including 5G connectivity, to consumers and businesses. Its offerings also include internet of things and enterprise connectivity solutions. Through its subsidiary SK Broadband, the company provides fixed-line broadband and IPTV services, including its B tv platform. SK Telecom is also developing artificial intelligence services and infrastructure, alongside data center and cloud-related offerings.