Himension Capital Singapore PTE. LTD. Sells 18,643 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

Himension Capital Singapore PTE. LTD. decreased its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 29.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,037 shares of the utilities provider’s stock after selling 18,643 shares during the period. Himension Capital Singapore PTE. LTD.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TLK. Invesco Ltd. bought a new position in PT Telekomunikasi Indonesia, Tbk during the 1st quarter valued at $33,124,000. Northern Trust Corp lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 106.2% during the first quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider’s stock valued at $12,633,000 after purchasing an additional 440,426 shares in the last quarter. Millennium Management LLC boosted its holdings in 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 during the last quarter. Euro Pacific Asset Management LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 744.8% in the 2nd quarter. Euro Pacific Asset Management LLC now owns 367,958 shares of the utilities provider’s stock worth $6,240,000 after purchasing an additional 324,400 shares in the last quarter. Finally, Ramirez Asset Management Inc. purchased a new stake in PT Telekomunikasi Indonesia, Tbk in the 1st quarter valued at about $3,861,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note 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, the company has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of NYSE TLK opened at $22.14 on Wednesday. The stock has a fifty day simple moving average of $19.70 and a two-hundred day simple moving average of $18.43. PT Telekomunikasi Indonesia, Tbk has a 1-year low of $13.15 and a 1-year high of $22.20. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its earnings results on Thursday, October 30th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $38,172.05 billion. PT Telekomunikasi Indonesia, Tbk had a net margin of 15.49% and a return on equity of 14.72%. Analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk Company 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.