First Trust Direct Indexing L.P. Purchases 1,114 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

First Trust Direct Indexing L.P. lifted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,497 shares of the Wireless communications provider’s stock after acquiring an additional 1,114 shares during the period. First Trust Direct Indexing L.P.’s holdings in SK Telecom were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

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 Trading Down 0.1 %

Shares of SKM stock opened at $22.74 on Monday. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month high of $24.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.98. The firm’s 50 day moving average is $23.40 and its 200 day moving average is $22.06.

SK Telecom (NYSE:SKM) last issued its 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 company had revenue of $3.22 billion for the quarter. On average, equities analysts expect that SK Telecom Co., Ltd. will post 2.24 earnings per share for the current fiscal 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.