Raymond James Financial Inc. Buys Shares of 42,974 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Raymond James Financial Inc. purchased a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,974 shares of the utilities provider’s stock, valued at approximately $707,000.

A number of other hedge funds have also modified their holdings of the business. Cerity Partners LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 58.6% in the fourth quarter. Cerity Partners LLC now owns 33,711 shares of the utilities provider’s stock valued at $555,000 after buying an additional 12,458 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 33.7% during the 4th quarter. Quadrant Capital Group LLC now owns 35,866 shares of the utilities provider’s stock valued at $590,000 after acquiring an additional 9,043 shares during the period. Pitcairn Co. boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.2% during the 4th quarter. Pitcairn Co. now owns 29,107 shares of the utilities provider’s stock valued at $479,000 after acquiring an additional 5,662 shares during the period. Allianz SE acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter valued at about $921,000. Finally, Norges Bank acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth about $2,270,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 0.0 %

Shares of TLK stock opened at $16.19 on Wednesday. Perusahaan Perseroan has a fifty-two week low of $13.15 and a fifty-two week high of $21.00. The company has a 50 day moving average price of $14.86 and a 200 day moving average price of $16.03. The stock has a market capitalization of $16.04 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 2.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.