Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Sold by O Shaughnessy Asset Management LLC

Posted by on May 29th, 2023

O Shaughnessy Asset Management LLC reduced its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) by 61.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,318 shares of the utilities provider’s stock after selling 56,773 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $842,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TLK. BNP Paribas Arbitrage SA lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% in the first quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 428 shares in the last quarter. Credit Suisse AG lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 121.4% in the third quarter. Credit Suisse AG now owns 870 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 477 shares in the last quarter. Mascoma Wealth Management LLC purchased a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter valued at approximately $26,000. Pittenger & Anderson Inc. purchased a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter valued at approximately $31,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 56.7% in the third quarter. Rockefeller Capital Management L.P. now owns 1,200 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 434 shares in the last quarter. 4.04% of the stock is owned by institutional investors and hedge funds.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $27.56 on Monday. Perusahaan Perseroan has a one year low of $23.02 and a one year high of $31.95. The company has a market cap of $24.82 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.51 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.85. The business’s 50 day moving average price is $27.88 and its 200 day moving average price is $26.09.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) last announced its quarterly earnings data on Friday, March 24th. The utilities provider reported $0.29 EPS for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 14.51% and a net margin of 14.21%. The firm had revenue of $2.69 billion for the quarter. On average, research analysts predict that Perusahaan Perseroan will post 1.95 EPS for the current year.

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 report on Monday, May 22nd.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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PT Telkom Indonesia (Persero) Tbk is a holding company, which engages in the provision of telecommunications, information, and technology services. It operates through the following segments: Mobile, Consumer, Enterprise, Wholesale and International Business (WIB), and Others. The Mobile segment provides mobile voice, SMS, value added services and, mobile broadband.

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Institutional Ownership by Quarter for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

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