Northern Trust Corp Reduces Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Northern Trust Corp lowered its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 414,861 shares of the utilities provider's stock after selling 32,363 shares during the period. Northern Trust Corp's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $6,824,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock worth $10,518,000 after acquiring an additional 16,915 shares during the period. Jump Financial LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 100.0% in the fourth quarter. Jump Financial LLC now owns 54,998 shares of the utilities provider's stock worth $905,000 after acquiring an additional 27,496 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter worth about $707,000. Cerity Partners LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 58.6% during the 4th quarter. Cerity Partners LLC now owns 33,711 shares of the utilities provider's stock worth $555,000 after purchasing an additional 12,458 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 33.7% during the 4th quarter. Quadrant Capital Group LLC now owns 35,866 shares of the utilities provider's stock worth $590,000 after purchasing an additional 9,043 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of TLK traded down $0.34 during mid-day trading on Friday, hitting $16.73. 410,027 shares of the company were exchanged, compared to its average volume of 571,851. Perusahaan Perseroan has a 1-year low of $13.15 and a 1-year high of $21.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70. The company has a 50 day moving average of $15.23 and a 200-day moving average of $15.85. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.56.

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.