Connor Clark & Lunn Investment Management Ltd. Makes New Investment in PT Telekomunikasi Indonesia, Tbk $TLK

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,491 shares of the utilities provider’s stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TLK. Hantz Financial Services Inc. lifted its position in PT Telekomunikasi Indonesia, Tbk by 1,258.9% during the second quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,266 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock worth $45,000 after buying an additional 1,577 shares during the period. Assetmark Inc. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% during the 1st quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider’s stock valued at $55,000 after buying an additional 3,449 shares in the last quarter. CWM LLC grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 54.3% during the 2nd quarter. CWM LLC now owns 4,709 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 1,658 shares during the period. Finally, Brooklyn Investment Group raised its stake in PT Telekomunikasi Indonesia, Tbk by 1,896.4% during the 1st quarter. Brooklyn Investment Group now owns 6,688 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 6,353 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Down 1.3%

Shares of TLK opened at $21.07 on Friday. The business’s 50 day moving average is $19.59 and its 200 day moving average is $18.27. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $21.62. The company has a market capitalization of $20.87 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted 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). The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $38,172.05 billion. PT Telekomunikasi Indonesia, Tbk had a return on equity of 14.72% and a net margin of 15.49%. Research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current fiscal year.

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.