Landscape Capital Management L.L.C. Makes New $200,000 Investment in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• Landscape Capital Management L.L.C. acquired a new stake in PT Telekomunikasi Indonesia, Tbk, purchasing 13,573 shares valued at approximately $200,000 during the first quarter.
• Several hedge funds have also invested in PT Telekomunikasi Indonesia, with Invesco Ltd. leading with a new stake valued at around $33 million.
• Analysts have downgraded PT Telekomunikasi Indonesia’s stock rating from "strong-buy" to "hold," reflecting a cautious outlook on the company's performance.

Landscape Capital Management L.L.C. bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,573 shares of the utilities provider's stock, valued at approximately $200,000.

Other institutional investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter valued at about $2,695,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 23.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 33,671 shares of the utilities provider's stock valued at $497,000 after purchasing an additional 6,384 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter valued at about $305,000. Jump Financial LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 157.0% in the first quarter. Jump Financial LLC now owns 141,335 shares of the utilities provider's stock valued at $2,088,000 after purchasing an additional 86,337 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 106.2% in the first quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider's stock valued at $12,633,000 after purchasing an additional 440,426 shares during the last quarter.

Analysts Set New Price Targets

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

PT Telekomunikasi Indonesia, Tbk Price Performance

TLK traded up $0.14 on Wednesday, reaching $19.06. The company had a trading volume of 466,618 shares, compared to its average volume of 830,261. The business has a 50 day simple moving average of $18.05 and a 200 day simple moving average of $16.48. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 4.27 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00.

About PT Telekomunikasi Indonesia, Tbk

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.