32,838 Shares in PT Telekomunikasi Indonesia, Tbk $TLK Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 32,838 shares of the utilities provider’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the first quarter valued at $33,124,000. Northern Trust Corp grew its stake 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 purchasing an additional 440,426 shares during the period. Millennium Management LLC increased its position 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 valued at $6,922,000 after purchasing an additional 402,344 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake 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. Finally, Ramirez Asset Management Inc. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter worth approximately $3,861,000.

PT Telekomunikasi Indonesia, Tbk Trading Up 0.2%

Shares of NYSE:TLK opened at $21.35 on Thursday. The stock has a 50 day moving average of $19.55 and a 200 day moving average of $18.25. The company has a market cap of $21.14 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $21.62. 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 (NYSE:TLK) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $38,172.05 billion. PT Telekomunikasi Indonesia, Tbk had a net margin of 15.49% and a return on equity of 14.72%. As a group, equities research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current year.

Analyst Ratings Changes

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

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.