Profund Advisors LLC Acquires Shares of 11,137 PT Telekomunikasi Indonesia, Tbk $TLK

Profund Advisors LLC bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in the 2nd quarter, HoldingsChannel reports. The fund bought 11,137 shares of the utilities provider’s stock, valued at approximately $189,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLK. Invesco Ltd. bought a new position in PT Telekomunikasi Indonesia, Tbk during the first quarter valued at about $33,124,000. Northern Trust Corp grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 106.2% during the 1st quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider’s stock valued at $12,633,000 after acquiring an additional 440,426 shares during the period. American Century Companies Inc. increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 10.4% during the 1st quarter. American Century Companies Inc. now owns 642,686 shares of the utilities provider’s stock worth $9,492,000 after purchasing an additional 60,697 shares during the last quarter. Millennium Management LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after purchasing an additional 402,344 shares during the last quarter. Finally, Euro Pacific Asset Management LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 744.8% in the 2nd quarter. Euro Pacific Asset Management LLC now owns 367,958 shares of the utilities provider’s stock worth $6,240,000 after purchasing an additional 324,400 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Up 1.9%

TLK opened at $20.97 on Monday. The company has a fifty day moving average price of $19.42 and a 200-day moving average price of $18.15. The firm has a market capitalization of $20.77 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61. 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 has a one year low of $13.15 and a one year high of $21.36.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $38,172.05 billion. PT Telekomunikasi Indonesia, Tbk had a return on equity of 14.72% and a net margin of 15.49%. Equities research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current fiscal year.

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.