Avantax Advisory Services Inc. Lowers Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Avantax Advisory Services Inc. decreased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,924 shares of the utilities provider's stock after selling 24,209 shares during the period. Avantax Advisory Services Inc.'s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $871,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TLK. Atria Investments Inc grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.7% during the 3rd quarter. Atria Investments Inc now owns 21,612 shares of the utilities provider's stock worth $427,000 after buying an additional 4,285 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% during 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 during the last quarter. Caprock Group LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 3rd quarter valued at $253,000. Citigroup Inc. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.7% in the 3rd 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 during the last quarter. Finally, Cerity Partners LLC boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 35.7% during the 3rd quarter. Cerity Partners LLC now owns 21,253 shares of the utilities provider's stock worth $420,000 after purchasing an additional 5,597 shares during the period.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE TLK traded down $0.20 during trading on Monday, reaching $14.02. The company's stock had a trading volume of 1,125,804 shares, compared to its average volume of 537,070. The business's fifty day moving average price is $15.66 and its 200-day moving average price is $17.13. Perusahaan Perseroan has a twelve month low of $13.89 and a twelve month high of $23.80. 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 firm has a market cap of $13.88 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 2.18 and a beta of 0.76.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.