Lindbrook Capital LLC lowered its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Free Report) by 77.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,716 shares of the utilities provider’s stock after selling 5,904 shares during the quarter. Lindbrook Capital LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in TLK. KLR Investment Advisors LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the third quarter worth approximately $183,000. NewEdge Wealth LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth approximately $204,000. Ballentine Partners LLC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 9.2% during the third quarter. Ballentine Partners LLC now owns 8,594 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 723 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.6% during the fourth quarter. Janiczek Wealth Management LLC now owns 9,473 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 413 shares during the last quarter. Finally, BSW Wealth Partners bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth $247,000.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 2.3 %
Shares of TLK opened at $18.86 on Friday. The business’s fifty day moving average price is $23.31 and its 200 day moving average price is $24.14. Perusahaan Perseroan has a 12-month low of $18.74 and a 12-month high of $29.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.87.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, April 20th.
Check Out Our Latest Analysis on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk 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.
Further Reading
- Five stocks we like better than Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
- 3 Tickers Leading a Meme Stock Revival
- Hasbro’s Management Made All the Right Calls This Quarter
- What is a Low P/E Ratio and What Does it Tell Investors?
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Stock Market Upgrades: What Are They?
- Power Surge: Utilities Sector’s Resilience Shines
Want to see what other hedge funds are holding TLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Free Report).
Receive News & Ratings for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and related companies with MarketBeat.com's FREE daily email newsletter.