O Shaughnessy Asset Management LLC Decreases Stock Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

O Shaughnessy Asset Management LLC cut its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 37,448 shares of the utilities provider’s stock after selling 712 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $811,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 32.1% in the first quarter. Signaturefd LLC now owns 3,996 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 971 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 23.5% in the first quarter. Quadrant Capital Group LLC now owns 5,128 shares of the utilities provider’s stock worth $121,000 after buying an additional 977 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the second quarter worth $167,000. Marino Stram & Associates LLC bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the second quarter worth $253,000. Finally, Brinker Capital Investments LLC bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the second quarter worth $291,000. Institutional investors and hedge funds own 4.57% of the company’s stock.

Separately, TheStreet upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “c” rating to a “b-” rating in a research note on Wednesday, July 28th.

NYSE:TLK opened at $24.08 on Wednesday. The stock has a 50-day simple moving average of $22.77 and a 200 day simple moving average of $23.05. Perusahaan Perseroan has a one year low of $16.97 and a one year high of $27.46. The company has a market capitalization of $21.69 billion, a price-to-earnings ratio of 15.34 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 0.66.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings data on Tuesday, August 31st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 20.05% and a net margin of 17.35%. The firm had revenue of $2.48 billion for the quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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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