Mount Yale Investment Advisors LLC Purchases New Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Mount Yale Investment Advisors LLC acquired a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the 4th quarter, HoldingsChannel reports. The fund acquired 31,257 shares of the Wireless communications provider’s stock, valued at approximately $658,000.

Several other large investors also recently made changes to their positions in SKM. GAMMA Investing LLC lifted its holdings in shares of SK Telecom by 27.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 488 shares in the last quarter. Assetmark Inc. lifted its stake in shares of SK Telecom by 57.6% during the third 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. Ariadne Wealth Management LP purchased a new stake in shares of SK Telecom in the second quarter worth about $127,000. PDS Planning Inc acquired a new stake in shares of SK Telecom in the third quarter valued at about $200,000. Finally, D Orazio & Associates Inc. purchased a new stake in shares of SK Telecom during the 3rd quarter valued at about $200,000.

SK Telecom Stock Performance

NYSE:SKM opened at $21.66 on Wednesday. The firm has a 50-day moving average of $21.98 and a two-hundred day moving average of $22.55. 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 stock has a market cap of $8.53 billion, a P/E ratio of 10.03, a PEG ratio of 1.87 and a beta of 0.80. 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 issued its quarterly earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. SK Telecom had a return on equity of 9.03% and a net margin of 6.31%. The firm had revenue of $3.35 billion during the quarter. On average, research analysts expect that SK Telecom Co., Ltd. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

SK Telecom 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.