Northcape Capital Pty Ltd Reduces Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Northcape Capital Pty Ltd cut its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 8.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 326,943 shares of the utilities provider’s stock after selling 28,609 shares during the period. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk comprises about 1.0% of Northcape Capital Pty Ltd’s holdings, making the stock its 8th largest position. Northcape Capital Pty Ltd’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $8,422,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TLK. Renaissance Technologies LLC boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,920,814 shares of the utilities provider’s stock valued at $104,568,000 after buying an additional 41,000 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the first quarter worth approximately $42,586,000. BlackRock Inc. raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% during the third quarter. BlackRock Inc. now owns 1,239,145 shares of the utilities provider’s stock valued at $35,749,000 after purchasing an additional 17,079 shares during the last quarter. Martin Currie Ltd. boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.5% in the third quarter. Martin Currie Ltd. now owns 864,673 shares of the utilities provider’s stock worth $20,839,000 after purchasing an additional 37,268 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 47.5% in the 1st quarter. Bank of America Corp DE now owns 780,254 shares of the utilities provider’s stock worth $21,278,000 after purchasing an additional 251,090 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com downgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research note on Wednesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of TLK traded down $0.07 during trading hours on Thursday, reaching $22.20. 122,104 shares of the stock traded hands, compared to its average volume of 185,798. Perusahaan Perseroan has a 52-week low of $21.67 and a 52-week high of $29.58. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $25.36 and its two-hundred day moving average price is $24.67.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings data on Friday, March 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 16.52% and a return on equity of 15.80%. The business had revenue of $2.43 billion during the quarter. Research analysts expect that Perusahaan Perseroan will post 1.77 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.