Sequoia Financial Advisors LLC Boosts Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Sequoia Financial Advisors LLC raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 204.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,637 shares of the utilities provider’s stock after buying an additional 26,630 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 372,213 shares of the utilities provider’s stock valued at $8,970,000 after acquiring an additional 47,788 shares during the last quarter. Citigroup Inc. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 44.9% during the 3rd quarter. Citigroup Inc. now owns 221,001 shares of the utilities provider’s stock valued at $5,326,000 after acquiring an additional 68,438 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.9% during the 3rd quarter. Van ECK Associates Corp now owns 82,230 shares of the utilities provider’s stock valued at $1,982,000 after acquiring an additional 9,416 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 169,357 shares of the utilities provider’s stock valued at $4,082,000 after acquiring an additional 3,610 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 101.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 33,919 shares of the utilities provider’s stock valued at $817,000 after acquiring an additional 17,083 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of TLK stock opened at $20.75 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Perusahaan Perseroan has a fifty-two week low of $20.73 and a fifty-two week high of $29.58. The stock has a 50 day moving average price of $24.35 and a two-hundred day moving average price of $24.42.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings data on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. The firm had revenue of $2.43 billion during the quarter. As a group, research analysts forecast that Perusahaan Perseroan will post 1.68 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research report on Friday.

About Perusahaan Perseroan (Persero) 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.