Atria Investments LLC Has $1.11 Million Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Atria Investments LLC trimmed its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Rating) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,951 shares of the utilities provider’s stock after selling 3,206 shares during the quarter. Atria Investments LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,107,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TLK. Wellington Management Group LLP acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the first quarter valued at $42,586,000. Clark Capital Management Group Inc. acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter worth $29,593,000. Arrowstreet Capital Limited Partnership acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter worth $5,453,000. Acadian Asset Management LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter worth $5,270,000. Finally, BlackRock Inc. raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 22.9% during the first quarter. BlackRock Inc. now owns 585,520 shares of the utilities provider’s stock worth $18,708,000 after acquiring an additional 109,266 shares in the last quarter. 4.19% of the stock is currently owned by institutional investors and hedge funds.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $25.26 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.80. The stock has a fifty day moving average price of $27.71 and a two-hundred day moving average price of $28.48. Perusahaan Perseroan has a 52-week low of $25.09 and a 52-week high of $33.21. The firm has a market capitalization of $22.75 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.34 and a beta of 0.61.

Analyst Ratings Changes

Separately, StockNews.com lowered Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 1st.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, informatics, and network services worldwide. The company's Mobile segment offers mobile voice, SMS, and mobile broadband services; and digital services, including financial services, video on demand, music, gaming, IoT, big data analytics, and digital advertising services.

Further Reading

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Institutional Ownership by Quarter for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

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