West Family Investments Inc. Has $409,000 Stock Holdings in PT Telekomunikasi Indonesia, Tbk $TLK

West Family Investments Inc. boosted its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 102.8% during the second quarter, Holdings Channel reports. The institutional investor owned 24,144 shares of the utilities provider’s stock after buying an additional 12,237 shares during the period. West Family Investments Inc.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the first quarter worth approximately $33,124,000. Northern Trust Corp grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 106.2% during the 1st quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider’s stock worth $12,633,000 after purchasing an additional 440,426 shares in the last quarter. Millennium Management LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after purchasing an additional 402,344 shares during the period. Euro Pacific Asset Management LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 744.8% in the second quarter. Euro Pacific Asset Management LLC now owns 367,958 shares of the utilities provider’s stock valued at $6,240,000 after buying an additional 324,400 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 6,985.8% during the 1st quarter. Acadian Asset Management LLC now owns 215,338 shares of the utilities provider’s stock worth $3,178,000 after acquiring an additional 212,299 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Down 3.6%

NYSE TLK opened at $21.55 on Friday. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $22.39. The business has a fifty day moving average price of $19.84 and a two-hundred day moving average price of $18.53. 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 capitalization of $21.35 billion, a PE ratio of 15.07, a PEG 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 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $38,172.05 billion. Equities 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.