121,063 Shares in PT Telekomunikasi Indonesia, Tbk $TLK Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 121,063 shares of the utilities provider's stock, valued at approximately $1,788,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock worth $10,518,000 after purchasing an additional 16,915 shares during the period. Jane Street Group LLC grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 351.3% during the fourth quarter. Jane Street Group LLC now owns 77,163 shares of the utilities provider's stock valued at $1,269,000 after acquiring an additional 60,064 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the fourth quarter valued at about $16,533,000. Two Sigma Advisers LP lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 189.3% during the fourth quarter. Two Sigma Advisers LP now owns 37,900 shares of the utilities provider's stock worth $623,000 after purchasing an additional 24,800 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 958.2% in the first quarter. GAMMA Investing LLC now owns 15,937 shares of the utilities provider's stock worth $235,000 after acquiring an additional 14,431 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Down 1.9%

Shares of NYSE:TLK traded down $0.36 during midday trading on Tuesday, reaching $18.85. 859,705 shares of the company were exchanged, compared to its average volume of 706,313. The firm has a market cap of $18.67 billion, a PE ratio of 13.18, a P/E/G ratio of 4.23 and a beta of 0.66. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $21.00. The stock has a fifty day simple moving average of $18.25 and a two-hundred day simple moving average of $16.57. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

Separately, New Street Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of "Hold".

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.