Legacy Wealth Asset Management LLC Trims Holdings in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• Legacy Wealth Asset Management LLC has reduced its holdings in PT Telekomunikasi Indonesia, Tbk by 11.4%, bringing its total shares down to 119,594.
• Other institutional investors have significantly increased their stakes, with GAMMA Investing LLC upping its ownership by 146.2% during the same period.
• Weiss Ratings has issued a "sell" rating for PT Telekomunikasi Indonesia, Tbk, with the stock currently holding a consensus rating of "Reduce."

Legacy Wealth Asset Management LLC decreased its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,594 shares of the utilities provider's stock after selling 15,376 shares during the period. Legacy Wealth Asset Management LLC's holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLK. GAMMA Investing LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% during the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider's stock valued at $45,000 after buying an additional 1,577 shares during the period. Farther Finance Advisors LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 541.8% during the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock valued at $47,000 after buying an additional 2,660 shares during the period. Assetmark Inc. increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% during the first quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider's stock valued at $55,000 after buying an additional 3,449 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% during the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider's stock valued at $65,000 after buying an additional 1,210 shares during the period. Finally, CWM LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 54.3% during the second quarter. CWM LLC now owns 4,709 shares of the utilities provider's stock valued at $80,000 after buying an additional 1,658 shares during the period.

PT Telekomunikasi Indonesia, Tbk Price Performance

TLK opened at $18.11 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70. The firm has a market capitalization of $17.94 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 3.95 and a beta of 0.61. The business's 50-day moving average is $19.17 and its two-hundred day moving average is $17.40. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.15 and a 1 year high of $20.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce".

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.

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