Coastline Trust Co reduced its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,575 shares of the utilities provider’s stock after selling 7,750 shares during the period. Coastline Trust Co’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the third quarter valued at $409,000. Saturna Capital CORP raised its holdings in PT Telekomunikasi Indonesia, Tbk by 8.7% in the third quarter. Saturna Capital CORP now owns 57,800 shares of the utilities provider’s stock valued at $1,983,000 after acquiring an additional 4,650 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in PT Telekomunikasi Indonesia, Tbk by 1.2% in the third quarter. Allianz Asset Management GmbH now owns 188,038 shares of the utilities provider’s stock valued at $6,450,000 after acquiring an additional 2,236 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in PT Telekomunikasi Indonesia, Tbk by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 45,253 shares of the utilities provider’s stock valued at $1,553,000 after acquiring an additional 1,801 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in PT Telekomunikasi Indonesia, Tbk by 33.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 16,500 shares of the utilities provider’s stock valued at $566,000 after acquiring an additional 4,100 shares in the last quarter. 5.50% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on TLK shares. Citigroup raised shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a report on Tuesday, November 7th. Macquarie cut shares of PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a report on Monday, October 16th. Finally, UBS cut shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold”.

Shares of PT Telekomunikasi Indonesia, Tbk (TLK) traded up $0.57 during trading hours on Thursday, hitting $31.20. 422,600 shares of the company’s stock were exchanged, compared to its average volume of 307,195. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $27.17 and a 52 week high of $36.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.19.

TRADEMARK VIOLATION NOTICE: “Coastline Trust Co Sells 7,750 Shares of PT Telekomunikasi Indonesia, Tbk (TLK)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/coastline-trust-co-sells-7750-shares-of-pt-telekomunikasi-indonesia-tbk-tlk/1764130.html.

PT Telekomunikasi Indonesia, Tbk Profile

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)

Receive News & Ratings for PT Telekomunikasi Indonesia Tbk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PT Telekomunikasi Indonesia Tbk and related companies with MarketBeat.com's FREE daily email newsletter.