Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Stake Lifted by Pitcairn Co.

Pitcairn Co. lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 17.9% during the third quarter, Holdings Channel.com reports. The fund owned 23,445 shares of the utilities provider’s stock after purchasing an additional 3,561 shares during the period. Pitcairn Co.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 660 shares during the period. Ballentine Partners LLC boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% during the second quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock valued at $243,000 after buying an additional 1,560 shares in the last quarter. First Affirmative Financial Network acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the third quarter worth about $252,000. Caprock Group LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter worth about $253,000. Finally, Blue Trust Inc. lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 50.5% in the 2nd quarter. Blue Trust Inc. now owns 13,805 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 4,634 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

NYSE TLK opened at $16.85 on Wednesday. The stock has a market capitalization of $15.18 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70. The business’s fifty day moving average is $18.41 and its two-hundred day moving average is $18.60. Perusahaan Perseroan has a 1 year low of $15.78 and a 1 year high of $26.85.

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.