PT Telekomunikasi Indonesia, Tbk $TLK Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 146.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,656 shares of the utilities provider’s stock after purchasing an additional 1,577 shares during the period. GAMMA Investing LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $45,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TLK. Acadian Asset Management LLC boosted its position in PT Telekomunikasi Indonesia, Tbk by 6,985.8% during the first quarter. Acadian Asset Management LLC now owns 215,338 shares of the utilities provider’s stock worth $3,178,000 after acquiring an additional 212,299 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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 last quarter. Millennium Management LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 606.8% in the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after buying an additional 402,344 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the 1st quarter worth about $1,788,000. Finally, Royal Bank of Canada boosted its stake in PT Telekomunikasi Indonesia, Tbk by 20.7% in the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock worth $5,416,000 after buying an additional 62,882 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of TLK stock opened at $18.47 on Friday. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.15 and a 12 month high of $20.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70. The firm has a market capitalization of $18.29 billion, a P/E ratio of 12.91, a P/E/G ratio of 4.06 and a beta of 0.61. The company’s fifty day moving average price is $19.10 and its two-hundred day moving average price is $17.09.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TLK. 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 reissued a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About 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.