West Family Investments Inc. Grows Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

West Family Investments Inc. grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 33.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,298 shares of the utilities provider’s stock after acquiring an additional 4,290 shares during the period. West Family Investments Inc.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $446,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TLK. Envestnet Asset Management Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 42.1% in the third quarter. Envestnet Asset Management Inc. now owns 711,091 shares of the utilities provider’s stock valued at $17,137,000 after purchasing an additional 210,571 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 71.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,085 shares of the utilities provider’s stock valued at $9,329,000 after purchasing an additional 161,624 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter valued at approximately $2,551,000. Citigroup Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 44.9% in the third quarter. Citigroup Inc. now owns 221,001 shares of the utilities provider’s stock valued at $5,326,000 after purchasing an additional 68,438 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 78.3% in the third quarter. UBS Group AG now owns 117,683 shares of the utilities provider’s stock valued at $2,836,000 after purchasing an additional 51,694 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 0.2 %

NYSE TLK traded down $0.03 on Thursday, hitting $19.42. 67,104 shares of the stock were exchanged, compared to its average volume of 238,630. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. Perusahaan Perseroan has a fifty-two week low of $18.66 and a fifty-two week high of $28.60. The company has a 50-day moving average price of $22.71 and a 200-day moving average price of $24.00.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its earnings results on Thursday, April 18th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 16.12% and a return on equity of 15.72%. The business had revenue of $2.25 billion during the quarter. As a group, equities analysts predict that Perusahaan Perseroan will post 1.69 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Saturday, April 20th.

Perusahaan Perseroan (Persero) 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.