Kathmere Capital Management LLC Raises Position in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• Kathmere Capital Management LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 154.2% during the second quarter, now holding 72,629 shares valued at $1.23 million.
• Acadian Asset Management LLC raised its position in the company by an astonishing 6,985.8% in the first quarter, now owning 215,338 shares worth $3.18 million.
• New Street Research has downgraded PT Telekomunikasi Indonesia, Tbk from a "strong-buy" to a "hold" rating, with the stock currently receiving an average rating of "Hold" from analysts.

Kathmere Capital Management LLC grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 154.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,629 shares of the utilities provider's stock after purchasing an additional 44,060 shares during the quarter. Kathmere Capital Management LLC's holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,230,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Ballentine Partners LLC purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth $186,000. GAMMA Investing LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider's stock worth $45,000 after buying an additional 1,577 shares during the period. Acadian Asset Management LLC raised its position in PT Telekomunikasi Indonesia, Tbk by 6,985.8% in the first quarter. Acadian Asset Management LLC now owns 215,338 shares of the utilities provider's stock valued at $3,178,000 after purchasing an additional 212,299 shares during the period. Goldman Sachs Group Inc. raised its position in PT Telekomunikasi Indonesia, Tbk by 271.8% in the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider's stock valued at $2,151,000 after purchasing an additional 106,481 shares during the period. Finally, Millennium Management LLC raised its position in PT Telekomunikasi Indonesia, Tbk by 606.8% in the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider's stock valued at $6,922,000 after purchasing an additional 402,344 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Performance

TLK opened at $18.87 on Friday. The business's 50 day moving average is $18.96 and its 200-day moving average is $16.96. The stock has a market cap of $18.69 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 4.15 and a beta of 0.66. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $20.98.

Analysts Set New Price Targets

Separately, New Street Research downgraded PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, PT Telekomunikasi Indonesia, Tbk has an average 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.

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