American Century Companies Inc. Has $17.02 Million Stake in PT Telekomunikasi Indonesia, Tbk $TLK

American Century Companies Inc. raised its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 904,285 shares of the utilities provider’s stock after acquiring an additional 91,448 shares during the period. American Century Companies Inc. owned approximately 0.09% of PT Telekomunikasi Indonesia, Tbk worth $17,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lazard Asset Management LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 8.3% in the second quarter. Lazard Asset Management LLC now owns 14,916,907 shares of the utilities provider’s stock valued at $252,690,000 after acquiring an additional 1,147,045 shares during the period. Envestnet Asset Management Inc. increased its position in PT Telekomunikasi Indonesia, Tbk by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 906,510 shares of the utilities provider’s stock worth $17,061,000 after acquiring an additional 25,429 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in PT Telekomunikasi Indonesia, Tbk by 85.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,291 shares of the utilities provider’s stock valued at $12,100,000 after purchasing an additional 328,332 shares during the last quarter. Northcape Capital Pty Ltd raised its stake in PT Telekomunikasi Indonesia, Tbk by 33.2% during the 3rd quarter. Northcape Capital Pty Ltd now owns 594,101 shares of the utilities provider’s stock valued at $11,181,000 after purchasing an additional 147,928 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings 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 valued at $6,922,000 after purchasing an additional 402,344 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Down 3.7%

Shares of TLK opened at $18.44 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a 50 day simple moving average of $21.08 and a 200-day simple moving average of $20.46. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.15 and a 1 year high of $23.51.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. 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 an average rating of “Reduce”.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.