Vise Technologies Inc. Acquires New Position in SK Telecom Co., Ltd. $SKM

Vise Technologies Inc. bought a new position in SK Telecom Co., Ltd. (NYSE:SKM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,028 shares of the Wireless communications provider’s stock, valued at approximately $631,000.

A number of other institutional investors have also recently made changes to their positions in SKM. Probity Advisors Inc. lifted its position in SK Telecom by 2.3% in the second quarter. Probity Advisors Inc. now owns 29,505 shares of the Wireless communications provider’s stock worth $689,000 after buying an additional 676 shares during the last quarter. GAMMA Investing LLC boosted its stake in SK Telecom by 43.5% in the second quarter. GAMMA Investing LLC now owns 4,202 shares of the Wireless communications provider’s stock valued at $98,000 after acquiring an additional 1,274 shares in the last quarter. PDS Planning Inc increased its holdings in shares of SK Telecom by 11.3% during the second quarter. PDS Planning Inc now owns 12,550 shares of the Wireless communications provider’s stock valued at $293,000 after acquiring an additional 1,276 shares in the last quarter. QRG Capital Management Inc. raised its stake in SK Telecom by 3.0% in the 2nd quarter. QRG Capital Management Inc. now owns 46,238 shares of the Wireless communications provider’s stock worth $1,080,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in SK Telecom by 1,780.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock valued at $39,000 after acquiring an additional 1,585 shares during the period.

SK Telecom Trading Down 0.1%

NYSE SKM opened at $20.36 on Friday. The firm has a 50 day moving average of $21.20 and a two-hundred day moving average of $21.64. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $8.02 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 15.17 and a beta of 0.56. SK Telecom Co., Ltd. has a 52 week low of $19.84 and a 52 week high of $24.34.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.56). The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.08 billion. SK Telecom had a net margin of 5.92% and a return on equity of 8.92%. As a group, research analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of SK Telecom in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SK Telecom presently has an average rating of “Hold”.

About SK Telecom

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.