Oppenheimer Asset Management Inc. Boosts Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Oppenheimer Asset Management Inc. raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 34.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,527 shares of the utilities provider’s stock after buying an additional 27,320 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $2,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after acquiring an additional 1,011 shares during the period. Sei Investments Co. boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% during the first quarter. Sei Investments Co. now owns 378,930 shares of the utilities provider’s stock valued at $8,435,000 after purchasing an additional 5,162 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 21.0% during the first quarter. Orion Portfolio Solutions LLC now owns 52,015 shares of the utilities provider’s stock valued at $1,158,000 after purchasing an additional 9,028 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 33.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 130,118 shares of the utilities provider’s stock worth $2,896,000 after purchasing an additional 32,417 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 112.3% in the 1st quarter. Advisors Asset Management Inc. now owns 28,092 shares of the utilities provider’s stock worth $625,000 after buying an additional 14,860 shares during the period.

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

Shares of NYSE TLK opened at $15.83 on Friday. The stock has a 50 day moving average price of $18.87 and a 200 day moving average price of $18.73. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.52 and a beta of 0.79. Perusahaan Perseroan has a 52-week low of $15.78 and a 52-week high of $26.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research 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.