Creative Planning Buys 4,875 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Creative Planning raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,238 shares of the utilities provider’s stock after buying an additional 4,875 shares during the period. Creative Planning’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. First Affirmative Financial Network acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 3rd quarter valued at about $252,000. Sanctuary Advisors LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 2nd quarter valued at about $616,000. Maven Securities LTD lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 152.7% in the 2nd quarter. Maven Securities LTD now owns 26,785 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 16,185 shares during the period. Millennium Management LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock valued at $5,921,000 after purchasing an additional 230,613 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 2nd quarter valued at about $2,163,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK stock opened at $18.17 on Thursday. The stock’s 50 day simple moving average is $19.47 and its 200 day simple moving average is $18.95. Perusahaan Perseroan has a fifty-two week low of $16.62 and a fifty-two week high of $26.85. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.16.

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 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.39% and a net margin of 15.65%. The business had revenue of $2.35 billion for the quarter. Equities research analysts forecast that Perusahaan Perseroan will post 1.65 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.