Signaturefd LLC Acquires 937 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

Signaturefd LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 12.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,219 shares of the utilities provider’s stock after acquiring an additional 937 shares during the period. Signaturefd LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $139,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLK. Invesco Ltd. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth about $33,124,000. Northern Trust Corp increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 106.2% during the 1st quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider’s stock worth $12,633,000 after purchasing an additional 440,426 shares in the last quarter. Millennium Management LLC increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the 1st 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 in the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth about $3,861,000. Finally, Acadian Asset Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 6,985.8% in the 1st quarter. Acadian Asset Management LLC now owns 215,338 shares of the utilities provider’s stock valued at $3,178,000 after acquiring an additional 212,299 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Down 2.3%

PT Telekomunikasi Indonesia, Tbk stock opened at $18.47 on Friday. The company’s 50 day simple moving average is $19.10 and its 200 day simple moving average is $17.07. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $20.98. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 4.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TLK shares. New Street Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Weiss Ratings restated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk 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.