AQR Capital Management LLC Takes Position in SK Telecom Co., Ltd. (NYSE:SKM)

AQR Capital Management LLC purchased a new position in SK Telecom Co., Ltd. (NYSE:SKM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 74,964 shares of the Wireless communications provider’s stock, valued at approximately $1,570,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SKM. EverSource Wealth Advisors LLC increased its holdings in shares of SK Telecom by 24.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock valued at $75,000 after acquiring an additional 652 shares in the last quarter. Raymond James & Associates lifted its position in shares of SK Telecom by 0.8% during the 2nd quarter. Raymond James & Associates now owns 90,116 shares of the Wireless communications provider’s stock valued at $1,886,000 after buying an additional 729 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in SK Telecom by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 260,416 shares of the Wireless communications provider’s stock worth $5,615,000 after purchasing an additional 930 shares during the period. QRG Capital Management Inc. boosted its stake in SK Telecom by 5.1% in the 1st quarter. QRG Capital Management Inc. now owns 20,343 shares of the Wireless communications provider’s stock worth $439,000 after purchasing an additional 985 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in shares of SK Telecom by 9.2% during the 1st quarter. Bleakley Financial Group LLC now owns 19,900 shares of the Wireless communications provider’s stock valued at $429,000 after acquiring an additional 1,672 shares during the last quarter.

Analyst Upgrades and Downgrades

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

SK Telecom Stock Performance

Shares of NYSE SKM opened at $22.83 on Friday. 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 business has a 50-day simple moving average of $23.26 and a two-hundred day simple moving average of $21.83. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58.

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