Millennium Management LLC Has $5.92 Million Stock Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Millennium Management LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 268.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 316,621 shares of the utilities provider’s stock after purchasing an additional 230,613 shares during the quarter. Millennium Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $5,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TLK. UMB Bank n.a. raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% in the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 660 shares in the last quarter. Mather Group LLC. acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter worth about $40,000. CWM LLC grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% during the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock worth $70,000 after buying an additional 613 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the first quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after acquiring an additional 1,011 shares during the last quarter. Finally, Ascent Group LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter valued at approximately $210,000.

Analyst Upgrades and Downgrades

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of TLK stock opened at $18.71 on Friday. 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 has a twelve month low of $16.62 and a twelve month high of $26.85. The stock’s fifty day simple moving average is $19.26 and its 200 day simple moving average is $19.26.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its quarterly earnings results on Monday, July 29th. The utilities provider reported $0.36 earnings per share for the quarter. The company had revenue of $2.35 billion 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%. On average, sell-side analysts predict that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

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.