WCM Investment Management CA Sells 51,669 Shares of PT Telekomunikasi Indonesia, Tbk (TLK)

WCM Investment Management CA reduced its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 31.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,518 shares of the utilities provider’s stock after selling 51,669 shares during the period. WCM Investment Management CA’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $3,788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in PT Telekomunikasi Indonesia, Tbk by 34.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,639 shares of the utilities provider’s stock worth $123,000 after buying an additional 935 shares during the period. SG Americas Securities LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 29.1% in the second quarter. SG Americas Securities LLC now owns 6,333 shares of the utilities provider’s stock worth $213,000 after buying an additional 1,428 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 58.9% in the second quarter. Advisors Asset Management Inc. now owns 27,882 shares of the utilities provider’s stock worth $939,000 after buying an additional 10,337 shares in the last quarter. Smith Asset Management Group LP increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 167.6% in the second quarter. Smith Asset Management Group LP now owns 15,120 shares of the utilities provider’s stock worth $509,000 after buying an additional 9,470 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter worth about $995,000. 5.73% of the stock is owned by hedge funds and other institutional investors.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE TLK) opened at 35.43 on Friday. The company has a market capitalization of $35.10 billion, a P/E ratio of 22.14 and a beta of 0.59. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $27.17 and a 12 month high of $35.97. The company has a 50-day moving average price of $34.84 and a 200-day moving average price of $32.21.

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TLK has been the subject of a number of analyst reports. BidaskClub upgraded PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) upgraded PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “conviction-buy” rating in a research report on Friday, April 28th.

About PT Telekomunikasi Indonesia, Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

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Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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