Savant Capital LLC Makes New $249,000 Investment in PT Telekomunikasi Indonesia, Tbk $TLK

Savant Capital LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,683 shares of the utilities provider’s stock, valued at approximately $249,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in PT Telekomunikasi Indonesia, Tbk by 1,258.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock valued at $41,000 after buying an additional 2,266 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 1,577 shares during the period. Assetmark Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% during the 1st quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 3,449 shares during the last quarter. CWM LLC grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 54.3% in the second quarter. CWM LLC now owns 4,709 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,658 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,896.4% in the first quarter. Brooklyn Investment Group now owns 6,688 shares of the utilities provider’s stock valued at $99,000 after purchasing an additional 6,353 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Up 0.2%

Shares of NYSE:TLK opened at $21.35 on Thursday. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 14.93, a PEG 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 business has a 50-day moving average price of $19.55 and a 200 day moving average price of $18.25. 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 posted its earnings results on Thursday, October 30th. The utilities provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). PT Telekomunikasi Indonesia, Tbk had a net margin of 15.49% and a return on equity of 14.72%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $38,172.05 billion. Sell-side analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

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

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.