Manning & Napier Advisors LLC Sells 8,941 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Manning & Napier Advisors LLC reduced its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 114,552 shares of the utilities provider’s stock after selling 8,941 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% during the 4th quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after buying an additional 643 shares during the period. TD Private Client Wealth LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after buying an additional 1,165 shares during the period. Blue Trust Inc. grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% during the 4th quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider’s stock worth $120,000 after buying an additional 3,110 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider’s stock worth $250,000 after buying an additional 2,497 shares during the period. Finally, First Affirmative Financial Network acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 3rd quarter worth about $252,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of TLK opened at $16.30 on Friday. 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 stock has a 50 day simple moving average of $16.68 and a 200 day simple moving average of $18.05. Perusahaan Perseroan has a 52-week low of $15.35 and a 52-week high of $26.85. The firm has a market capitalization of $16.14 billion, a PE ratio of 11.32, a P/E/G ratio of 1.46 and a beta of 0.78.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 14.86% and a net margin of 15.12%. The business had revenue of $2.34 billion during the quarter. Sell-side analysts predict that Perusahaan Perseroan will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.

Perusahaan Perseroan (Persero) 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.