PT Telekomunikasi Indonesia, Tbk $TLK Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 6,985.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 215,338 shares of the utilities provider’s stock after buying an additional 212,299 shares during the quarter. Acadian Asset Management LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $3,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in PT Telekomunikasi Indonesia, Tbk by 271.8% during the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 106,481 shares during the period. Millennium Management LLC raised its stake in PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after purchasing an additional 402,344 shares during the period. Cubist Systematic Strategies LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk during the first quarter worth about $1,788,000. Royal Bank of Canada raised its stake in PT Telekomunikasi Indonesia, Tbk by 20.7% during the first quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock worth $5,416,000 after purchasing an additional 62,882 shares during the period. Finally, Vident Advisory LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk during the first quarter worth about $230,000.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK opened at $19.98 on Tuesday. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $21.00. The firm’s 50 day moving average price is $18.45 and its 200 day moving average price is $16.69. The company has a market cap of $19.79 billion, a P/E ratio of 13.97, a PEG ratio of 4.23 and a beta of 0.66. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

Separately, New Street Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.