Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 6.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 356,083 shares of the utilities provider’s stock after selling 22,847 shares during the period. Sei Investments Co.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $6,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TLK. Allspring Global Investments Holdings LLC increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock worth $85,411,000 after buying an additional 492,128 shares during the period. Renaissance Technologies LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock valued at $73,093,000 after purchasing an additional 14,600 shares during the last quarter. Northcape Capital Pty Ltd raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 75.1% in the 1st quarter. Northcape Capital Pty Ltd now owns 572,516 shares of the utilities provider’s stock valued at $12,744,000 after purchasing an additional 245,573 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% during the 2nd quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock worth $8,895,000 after purchasing an additional 33,360 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 33.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 130,118 shares of the utilities provider’s stock worth $2,896,000 after purchasing an additional 32,417 shares in the last quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of NYSE TLK opened at $19.78 on Tuesday. The stock’s 50-day simple moving average is $19.23 and its 200-day simple moving average is $19.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.65. Perusahaan Perseroan has a fifty-two week low of $16.62 and a fifty-two week high of $26.85.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 earnings per share for the quarter. The business had revenue of $2.35 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. Equities research analysts forecast that Perusahaan Perseroan will post 1.69 EPS for the current year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.