PT Telekomunikasi Indonesia, Tbk $TLK Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,949,065 shares of the utilities provider’s stock after selling 256,202 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $67,726,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in PT Telekomunikasi Indonesia, Tbk by 1.2% during the first quarter. Fifth Third Bancorp now owns 61,790 shares of the utilities provider’s stock worth $913,000 after purchasing an additional 706 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 872 shares during the last quarter. Signaturefd LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 12.9% during the second quarter. Signaturefd LLC now owns 8,219 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 937 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in PT Telekomunikasi Indonesia, Tbk by 37.7% during the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 1,210 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 146.2% during the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 1,577 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TLK. New Street Research cut PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of TLK opened at $18.55 on Tuesday. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.15 and a 1 year high of $20.98. The company’s 50 day simple moving average is $19.17 and its 200 day simple moving average is $17.27. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 4.03 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

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.