Tradewinds Capital Management LLC reduced its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,014 shares of the utilities provider’s stock after selling 400 shares during the period. Tradewinds Capital Management LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ronald Blue & Co. LLC bought a new position in PT Telekomunikasi Indonesia, Tbk during the second quarter valued at approximately $215,000. Deltec Asset Management LLC raised its position in PT Telekomunikasi Indonesia, Tbk by 4.3% in the second quarter. Deltec Asset Management LLC now owns 53,900 shares of the utilities provider’s stock valued at $1,815,000 after buying an additional 2,200 shares in the last quarter. Finally, NGAM Advisors L.P. raised its position in PT Telekomunikasi Indonesia, Tbk by 1.5% in the second quarter. NGAM Advisors L.P. now owns 197,751 shares of the utilities provider’s stock valued at $6,658,000 after buying an additional 3,003 shares in the last quarter. Institutional investors own 5.80% of the company’s stock.

PT Telekomunikasi Indonesia, Tbk (TLK) opened at 35.11 on Thursday. The firm’s 50 day moving average price is $34.57 and its 200 day moving average price is $31.97. The stock has a market cap of $34.78 billion, a price-to-earnings ratio of 21.94 and a beta of 0.59. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $27.17 and a 12 month high of $67.13.

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Several research analysts recently commented on TLK shares. BidaskClub lowered PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Goldman Sachs Group, Inc. (The) upgraded PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “conviction-buy” rating in a research report on Friday, April 28th.

PT Telekomunikasi Indonesia, Tbk Company 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.

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

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