Lazard Asset Management LLC Cuts Holdings in PT Telekomunikasi Indonesia, Tbk (TLK)

Lazard Asset Management LLC reduced its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 0.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,709,456 shares of the utilities provider’s stock after selling 17,868 shares during the period. PT Telekomunikasi Indonesia, Tbk makes up approximately 1.7% of Lazard Asset Management LLC’s portfolio, making the stock its 10th biggest holding. Lazard Asset Management LLC owned 2.49% of PT Telekomunikasi Indonesia, Tbk worth $831,966,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TLK. Duff & Phelps Investment Management Co. acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth about $5,389,000. Marshall Wace North America L.P. acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth about $1,862,000. LA Financiere DE L Echiquier grew its position in PT Telekomunikasi Indonesia, Tbk by 36.4% during the 2nd quarter. LA Financiere DE L Echiquier now owns 150,000 shares of the utilities provider’s stock worth $5,051,000 after purchasing an additional 40,000 shares during the period. Herndon Capital Management LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 250.4% during the 2nd quarter. Herndon Capital Management LLC now owns 46,526 shares of the utilities provider’s stock worth $1,567,000 after purchasing an additional 33,249 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth about $995,000. 5.74% of the stock is currently owned by institutional investors.

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Separately, BidaskClub downgraded PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) traded down 0.352% during midday trading on Monday, reaching $35.375. The company’s stock had a trading volume of 23,153 shares. The stock has a market capitalization of $35.04 billion, a price-to-earnings ratio of 22.109 and a beta of 0.59. The company has a 50 day moving average of $35.42 and a 200-day moving average of $33.12. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $27.17 and a 52 week high of $36.19.

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.

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

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