Oldfield Partners LLP cut its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Free Report) by 64.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,545 shares of the utilities provider’s stock after selling 283,879 shares during the period. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk comprises about 0.7% of Oldfield Partners LLP’s holdings, making the stock its 15th largest holding. Oldfield Partners LLP’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 127.3% in the third quarter. Van ECK Associates Corp now owns 198,504 shares of the utilities provider’s stock valued at $3,710,000 after purchasing an additional 111,162 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the second quarter worth about $616,000. Northcape Capital Pty Ltd increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the fourth quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock worth $8,716,000 after purchasing an additional 77,655 shares in the last quarter. Citigroup Inc. increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.7% during the third quarter. Citigroup Inc. now owns 213,810 shares of the utilities provider’s stock worth $4,229,000 after purchasing an additional 42,304 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 40.3% during the third quarter. Stifel Financial Corp now owns 23,889 shares of the utilities provider’s stock worth $473,000 after purchasing an additional 6,858 shares in the last quarter.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance
NYSE TLK opened at $17.10 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $16.67 and its two-hundred day moving average is $18.06. Perusahaan Perseroan has a 12-month low of $15.35 and a 12-month high of $26.85. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.46 and a beta of 0.78.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.38 EPS for the quarter. The business had revenue of $2.34 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 14.86% and a net margin of 15.12%. Research analysts expect that Perusahaan Perseroan will post 1.65 EPS for the current year.
About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
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.
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