Sequoia Financial Advisors LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Free Report) by 204.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,637 shares of the utilities provider’s stock after purchasing an additional 26,630 shares during the period. Sequoia Financial Advisors LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,021,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BSW Wealth Partners purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth approximately $247,000. Augustine Asset Management Inc. boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.9% during the fourth quarter. Augustine Asset Management Inc. now owns 59,964 shares of the utilities provider’s stock worth $1,545,000 after purchasing an additional 2,804 shares in the last quarter. Ballentine Partners LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 36.9% during the fourth quarter. Ballentine Partners LLC now owns 11,764 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 3,170 shares in the last quarter. Caprock Group LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.6% during the fourth quarter. Caprock Group LLC now owns 14,953 shares of the utilities provider’s stock worth $385,000 after purchasing an additional 651 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth approximately $663,000.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 1.3 %
NYSE TLK opened at $20.75 on Monday. The stock’s 50 day simple moving average is $24.35 and its 200-day simple moving average is $24.42. Perusahaan Perseroan has a 1-year low of $20.73 and a 1-year high of $29.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.78.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research report on Friday.
Check Out Our Latest Research Report on TLK
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk 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.
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