American Century Companies Inc. Acquires 10,209 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

American Century Companies Inc. increased its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 22.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 55,161 shares of the Wireless communications provider’s stock after purchasing an additional 10,209 shares during the period. American Century Companies Inc.’s holdings in SK Telecom were worth $1,155,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SKM. Allspring Global Investments Holdings LLC raised its position in shares of SK Telecom by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,159,884 shares of the Wireless communications provider’s stock valued at $25,007,000 after buying an additional 37,186 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of SK Telecom by 8.2% in the second quarter. Acadian Asset Management LLC now owns 304,541 shares of the Wireless communications provider’s stock valued at $6,373,000 after buying an additional 23,033 shares in the last quarter. Promethos Capital LLC acquired a new stake in shares of SK Telecom in the first quarter valued at approximately $5,875,000. Silvercrest Asset Management Group LLC raised its position in shares of SK Telecom by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 260,416 shares of the Wireless communications provider’s stock valued at $5,615,000 after buying an additional 930 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of SK Telecom by 4.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 181,002 shares of the Wireless communications provider’s stock valued at $3,843,000 after buying an additional 8,424 shares in the last quarter.

Analyst Ratings Changes

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

SK Telecom Stock Down 2.3 %

Shares of SKM opened at $23.77 on Tuesday. SK Telecom Co., Ltd. has a one year low of $19.42 and a one year high of $24.58. The company has a market cap of $10.49 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $23.10 and a two-hundred day simple moving average of $21.78.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Tuesday, August 6th. The Wireless communications provider reported $0.63 EPS for the quarter. The business had revenue of $3.22 billion during the quarter. SK Telecom had a net margin of 6.52% and a return on equity of 8.94%. Research analysts forecast that SK Telecom Co., Ltd. will post 2.29 EPS for the current fiscal year.

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.