Duff & Phelps Investment Management Co. Cuts Position in PT Telekomunikasi Indonesia, Tbk (TLK)

Duff & Phelps Investment Management Co. reduced its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 155,738 shares of the utilities provider’s stock after selling 4,244 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $5,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 valued at $123,000 after purchasing an additional 935 shares during the period. Advisor Group Inc. raised its position in PT Telekomunikasi Indonesia, Tbk by 11.5% in the second quarter. Advisor Group Inc. now owns 4,867 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 501 shares during the period. CIBC World Markets Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter valued at about $203,000. SG Americas Securities LLC raised its position in 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 valued at $213,000 after purchasing an additional 1,428 shares during the period. Finally, Ronald Blue & Co. LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter valued at about $215,000. 5.72% of the stock is currently owned by institutional investors and hedge funds.

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TLK has been the topic of several research reports. BidaskClub lowered PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Macquarie lowered PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. Finally, UBS AG lowered PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th.

PT Telekomunikasi Indonesia, Tbk (NYSE TLK) opened at 30.07 on Friday. The stock has a market capitalization of $29.79 billion, a price-to-earnings ratio of 17.69 and a beta of 0.59. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $27.17 and a 52-week high of $36.19. The firm has a 50-day moving average price of $33.60 and a 200 day moving average price of $33.75.

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.

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

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