Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,287 shares of the utilities provider’s stock after selling 10,148 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $449,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% during the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider’s stock valued at $33,000 after buying an additional 662 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at $53,000. Blue Trust Inc. increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% during the 4th quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider’s stock worth $120,000 after buying an additional 3,110 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter worth $185,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK stock opened at $15.52 on Wednesday. The company has a market cap of $15.37 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.18 and a beta of 0.62. 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 stock has a 50-day moving average price of $14.87 and a two-hundred day moving average price of $16.25. Perusahaan Perseroan has a 12-month low of $13.15 and a 12-month high of $21.00.

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.