Park Avenue Securities LLC Has $209,000 Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Park Avenue Securities LLC lessened its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Rating) by 12.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,241 shares of the utilities provider’s stock after selling 1,049 shares during the period. Park Avenue Securities LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TLK. Pacer Advisors Inc. boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 19.5% during the third quarter. Pacer Advisors Inc. now owns 7,821 shares of the utilities provider’s stock worth $226,000 after acquiring an additional 1,277 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter worth about $230,000. Henry James International Management Inc. bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter worth about $513,000. Assetmark Inc. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 9.4% during the 3rd quarter. Assetmark Inc. now owns 87,565 shares of the utilities provider’s stock worth $2,526,000 after purchasing an additional 7,554 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,712 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 491 shares in the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research report on Monday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK stock opened at $25.91 on Wednesday. The stock has a market capitalization of $23.34 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company’s 50-day moving average is $24.57 and its 200-day moving average is $27.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.80. Perusahaan Perseroan has a 1 year low of $23.02 and a 1 year high of $33.21.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Rating) last announced its quarterly earnings results on Friday, October 28th. The utilities provider reported $0.23 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.39% and a return on equity of 15.36%. The business had revenue of $2.58 billion for the quarter. Equities research analysts expect that Perusahaan Perseroan will post 1.6 EPS for the current fiscal year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile

(Get Rating)

PT Telkom Indonesia (Persero) Tbk is a holding company, which engages in the provision of telecommunications, information, and technology services. It operates through the following segments: Mobile, Consumer, Enterprise, Wholesale and International Business (WIB), and Others. The Mobile segment provides mobile voice, SMS, value added services and, mobile broadband.

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Institutional Ownership by Quarter for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

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