Augustine Asset Management Inc. Sells 28,367 Shares of Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (TLK

Augustine Asset Management Inc. trimmed its holdings in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (NYSE:TLK) by 37.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,546 shares of the utilities provider’s stock after selling 28,367 shares during the quarter. Augustine Asset Management Inc.’s holdings in Telekomnks Indn Prsr Tbk Prshn Prsrn were worth $1,246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TLK. Oldfield Partners LLP raised its position in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 37.1% during the 3rd quarter. Oldfield Partners LLP now owns 2,071,958 shares of the utilities provider’s stock valued at $50,721,000 after buying an additional 560,870 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn during the 3rd quarter valued at about $2,547,000. Bank of New York Mellon Corp raised its position in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 353,785 shares of the utilities provider’s stock valued at $8,661,000 after buying an additional 8,278 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 1,995.5% during the 4th quarter. Quadrant Capital Group LLC now owns 7,502 shares of the utilities provider’s stock valued at $194,000 after buying an additional 7,144 shares in the last quarter. Finally, Coastline Trust Co raised its position in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 9.4% during the 4th quarter. Coastline Trust Co now owns 60,920 shares of the utilities provider’s stock valued at $1,597,000 after buying an additional 5,220 shares in the last quarter. Hedge funds and other institutional investors own 4.24% of the company’s stock.

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Shares of NYSE TLK opened at $26.81 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.93. Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR has a 12-month low of $21.75 and a 12-month high of $30.50.

Several analysts have recently issued reports on TLK shares. TheStreet upgraded shares of Telekomnks Indn Prsr Tbk Prshn Prsrn from a “c+” rating to a “b-” rating in a research report on Tuesday, November 6th. ValuEngine upgraded shares of Telekomnks Indn Prsr Tbk Prshn Prsrn from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy”.

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About Telekomnks Indn Prsr Tbk Prshn Prsrn

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, information, and media and edutainment services worldwide. It operates in four segments: Mobile, Consumer, Enterprise, and Wholesale and International. The company offers mobile services, including mobile voice, SMS, value-added, and mobile broadband services.

Further Reading: Quiet Period Expirations

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