Robeco Institutional Asset Management B.V. Cuts Position in PT Telekomunikasi Indonesia, Tbk $TLK

Robeco Institutional Asset Management B.V. lowered its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 48.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,156 shares of the utilities provider’s stock after selling 40,691 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $812,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TLK. Royal Bank of Canada lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 20.7% during the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock valued at $5,416,000 after acquiring an additional 62,882 shares in the last quarter. Millennium Management LLC lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after purchasing an additional 402,344 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 271.8% in the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock worth $2,151,000 after buying an additional 106,481 shares during the period. Acadian Asset Management LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 6,985.8% in the first quarter. Acadian Asset Management LLC now owns 215,338 shares of the utilities provider’s stock worth $3,178,000 after buying an additional 212,299 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,577 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK stock opened at $20.78 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a market cap of $20.59 billion, a P/E ratio of 15.39, a P/E/G ratio of 2.83 and a beta of 0.39. PT Telekomunikasi Indonesia, Tbk has a 1-year low of $13.15 and a 1-year high of $22.39. The firm has a fifty day moving average of $21.26 and a two-hundred day moving average of $19.49.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its earnings results on Monday, December 1st. The utilities provider reported ($0.01) EPS for the quarter. The firm had revenue of ($4,514.03) million for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%. As a group, research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.