Robeco Institutional Asset Management B.V. Sells 80,539 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

Robeco Institutional Asset Management B.V. trimmed its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 49.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,847 shares of the utilities provider's stock after selling 80,539 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLK. Invesco Ltd. acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the first quarter worth about $33,124,000. Northern Trust Corp increased its position in PT Telekomunikasi Indonesia, Tbk by 106.2% in the first quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider's stock worth $12,633,000 after purchasing an additional 440,426 shares during the period. Millennium Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 606.8% in 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 period. Ramirez Asset Management Inc. acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the first quarter worth about $3,861,000. Finally, Acadian Asset Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 6,985.8% in the first quarter. Acadian Asset Management LLC now owns 215,338 shares of the utilities provider's stock worth $3,178,000 after purchasing an additional 212,299 shares during the period.

PT Telekomunikasi Indonesia, Tbk Trading Up 0.9%

NYSE TLK opened at $18.38 on Wednesday. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 4.01 and a beta of 0.61. The stock's 50 day moving average price is $19.13 and its two-hundred day moving average price is $17.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.15 and a 52 week high of $20.98.

Analyst Ratings Changes

TLK has been the subject of several analyst reports. New Street Research lowered PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Weiss Ratings restated a "sell (d+)" rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Saturday, September 27th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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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