21,411 Shares in PT Telekomunikasi Indonesia, Tbk (TLK) Acquired by USA Financial Portformulas Corp

USA Financial Portformulas Corp bought a new stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,411 shares of the utilities provider’s stock, valued at approximately $721,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,639 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 935 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 11.5% in the 2nd quarter. Advisor Group Inc. now owns 4,867 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 501 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at approximately $203,000. SG Americas Securities LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 29.1% in the 2nd quarter. SG Americas Securities LLC now owns 6,333 shares of the utilities provider’s stock valued at $213,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Ronald Blue & Co. LLC bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at approximately $215,000. 5.72% of the stock is currently owned by institutional investors.

PT Telekomunikasi Indonesia, Tbk (NYSE TLK) traded up 0.79% on Friday, hitting $30.51. The stock had a trading volume of 91,175 shares. The firm has a market cap of $30.22 billion, a P/E ratio of 17.95 and a beta of 0.59. The firm’s 50-day moving average price is $33.89 and its 200-day moving average price is $33.78. PT Telekomunikasi Indonesia, Tbk has a 1-year low of $27.17 and a 1-year high of $36.19.

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A number of equities research analysts have recently weighed in on TLK shares. UBS AG downgraded PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a report on Friday, September 29th. Macquarie downgraded PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, BidaskClub downgraded PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

PT Telekomunikasi Indonesia, Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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