Walleye Capital LLC Makes New Investment in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• Walleye Capital LLC has invested $305,000 in PT Telekomunikasi Indonesia, Tbk, acquiring 20,655 shares in the first quarter.
• Multiple hedge funds have increased their holdings in PT Telekomunikasi Indonesia, Tbk, with Fifth Third Bancorp raising its stake by 1.2% to own 61,790 shares valued at $913,000.
• Analysts from New Street Research have downgraded PT Telekomunikasi Indonesia, Tbk's rating from a "strong-buy" to a "hold," reflecting a consensus rating of "Hold" for the stock.

Walleye Capital LLC acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,655 shares of the utilities provider's stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLK. Farther Finance Advisors LLC increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 541.8% during the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock worth $47,000 after buying an additional 2,660 shares during the period. Assetmark Inc. grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% in the first quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider's stock worth $55,000 after acquiring an additional 3,449 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in PT Telekomunikasi Indonesia, Tbk by 37.7% in the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider's stock worth $65,000 after purchasing an additional 1,210 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in PT Telekomunikasi Indonesia, Tbk by 17.8% in the 1st quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider's stock valued at $85,000 after acquiring an additional 872 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in PT Telekomunikasi Indonesia, Tbk by 1,896.4% in the 1st quarter. Brooklyn Investment Group now owns 6,688 shares of the utilities provider's stock worth $99,000 after purchasing an additional 6,353 shares during the period.

Wall Street Analysts Forecast Growth

Separately, New Street Research downgraded 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 data from MarketBeat, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of "Hold".

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of NYSE:TLK traded down $0.23 on Monday, reaching $19.19. 149,017 shares of the company traded hands, compared to its average volume of 677,890. The stock has a market capitalization of $19.01 billion, a PE ratio of 13.42, a P/E/G ratio of 4.28 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 company's 50 day moving average is $18.17 and its 200-day moving average is $16.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70.

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.