Atria Investments Inc Raises Stock Holdings in PT Telekomunikasi Indonesia, Tbk $TLK

Atria Investments Inc boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 53.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,590 shares of the utilities provider’s stock after acquiring an additional 6,120 shares during the quarter. Atria Investments Inc’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $298,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TLK. Hantz Financial Services Inc. increased its stake in PT Telekomunikasi Indonesia, Tbk by 1,258.9% in the second quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,266 shares during the period. Ethic Inc. grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 62.3% in the second quarter. Ethic Inc. now owns 38,143 shares of the utilities provider’s stock worth $629,000 after purchasing an additional 14,640 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter worth about $249,000. Yousif Capital Management LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 33.1% during the 2nd quarter. Yousif Capital Management LLC now owns 19,864 shares of the utilities provider’s stock valued at $336,000 after buying an additional 4,940 shares in the last quarter. Finally, CWM LLC boosted its position in PT Telekomunikasi Indonesia, Tbk by 54.3% in the 2nd quarter. CWM LLC now owns 4,709 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,658 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Up 0.1%

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $21.17 on Thursday. 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 stock has a market cap of $20.97 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 3.84 and a beta of 0.61. The firm’s 50-day moving average is $19.36 and its two-hundred day moving average is $18.06. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.15 and a 1 year high of $21.36.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). PT Telekomunikasi Indonesia, Tbk had a return on equity of 14.72% and a net margin of 15.49%.The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $38,172.05 billion. As a group, research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company 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.