JPMorgan Chase & Co. Decreases Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

JPMorgan Chase & Co. decreased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,330 shares of the utilities provider’s stock after selling 1,076 shares during the period. JPMorgan Chase & Co.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $86,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLK. Oldfield Partners LLP grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the 3rd quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock valued at $8,692,000 after buying an additional 64,429 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% in the third quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock worth $7,090,000 after acquiring an additional 73,322 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the second quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock valued at $5,921,000 after purchasing an additional 230,613 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 67.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 284,588 shares of the utilities provider’s stock worth $5,629,000 after acquiring an additional 114,209 shares during the period. Finally, Citigroup Inc. grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.7% during the third quarter. Citigroup Inc. now owns 213,810 shares of the utilities provider’s stock valued at $4,229,000 after purchasing an additional 42,304 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

TLK opened at $15.69 on Tuesday. The stock has a 50-day moving average of $16.65 and a 200-day moving average of $17.99. Perusahaan Perseroan has a 52-week low of $15.35 and a 52-week high of $26.85. 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 market cap of $15.54 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.38 and a beta of 0.77.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk 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.