Oldfield Partners LLP Has $8.69 Million Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Oldfield Partners LLP grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 17.2% during the third quarter, HoldingsChannel.com reports. The firm owned 439,424 shares of the utilities provider’s stock after purchasing an additional 64,429 shares during the period. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk makes up approximately 1.8% of Oldfield Partners LLP’s portfolio, making the stock its 13th biggest holding. Oldfield Partners LLP’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $8,692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock worth $85,411,000 after buying an additional 492,128 shares during the period. Renaissance Technologies LLC raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% during the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock valued at $73,093,000 after acquiring an additional 14,600 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% during the second quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock worth $8,895,000 after purchasing an additional 33,360 shares during the period. Sei Investments Co. grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% in the first quarter. Sei Investments Co. now owns 378,930 shares of the utilities provider’s stock worth $8,435,000 after purchasing an additional 5,162 shares during the last quarter. Finally, Millennium Management LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% during the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock worth $5,921,000 after purchasing an additional 230,613 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.1 %

Shares of TLK stock opened at $19.74 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16. Perusahaan Perseroan has a one year low of $16.62 and a one year high of $26.85. The business’s 50 day simple moving average is $19.50 and its 200 day simple moving average is $19.06.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 EPS for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. The company had revenue of $2.35 billion for the quarter. As a group, equities analysts anticipate that Perusahaan Perseroan will post 1.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk 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.