Acadian Asset Management LLC Makes New $772,000 Investment in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Acadian Asset Management LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 41,331 shares of the utilities provider’s stock, valued at approximately $772,000.

Several other large investors have also modified their holdings of the stock. UMB Bank n.a. lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the second quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after buying an additional 660 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at approximately $40,000. EverSource Wealth Advisors LLC boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 1,124 shares during the period. CWM LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% during the 1st quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 613 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,011 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com lowered Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research report on Monday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

TLK stock opened at $20.18 on Wednesday. The firm has a 50 day simple moving average of $19.07 and a 200 day simple moving average of $19.79. Perusahaan Perseroan has a 52 week low of $16.62 and a 52 week high of $26.85. The stock has a market cap of $18.17 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.54 and a beta of 0.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its quarterly earnings results on Monday, July 29th. The utilities provider reported $0.36 EPS for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. The business had revenue of $2.35 billion for the quarter. Research analysts anticipate that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

Perusahaan Perseroan (Persero) 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.