Arrowstreet Capital Limited Partnership Buys 328,332 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

Arrowstreet Capital Limited Partnership raised its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 85.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 714,291 shares of the utilities provider’s stock after acquiring an additional 328,332 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.07% of PT Telekomunikasi Indonesia, Tbk worth $12,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its position in PT Telekomunikasi Indonesia, Tbk by 12.9% in the 2nd quarter. Signaturefd LLC now owns 8,219 shares of the utilities provider’s stock valued at $139,000 after buying an additional 937 shares during the period. GAMMA Investing LLC boosted its holdings 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 valued at $45,000 after purchasing an additional 1,577 shares during the period. CWM LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 54.3% in the second quarter. CWM LLC now owns 4,709 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,658 shares during the period. PNC Financial Services Group Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 23,743 shares of the utilities provider’s stock worth $351,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in PT Telekomunikasi Indonesia, Tbk by 1,032.4% during the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,199 shares during the period.

Analyst Ratings Changes

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

PT Telekomunikasi Indonesia, Tbk Stock Performance

TLK opened at $21.49 on Wednesday. The firm has a fifty day moving average price of $20.22 and a 200 day moving average price of $18.80. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.15 and a 1 year high of $22.39. The stock has a market cap of $21.28 billion, a P/E ratio of 15.91, a P/E/G ratio of 3.38 and a beta of 0.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.76.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Monday, December 1st. The utilities provider reported ($0.01) EPS for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. The business had revenue of ($4,514.03) million during the quarter. Equities research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current 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.