Haven Global Partners LLC Purchases Shares of 200,090 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Haven Global Partners LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 200,090 shares of the utilities provider’s stock, valued at approximately $3,291,000. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk accounts for approximately 3.1% of Haven Global Partners LLC’s holdings, making the stock its 9th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% in the 4th quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 643 shares during the period. TD Private Client Wealth LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% in the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 1,165 shares during the period. Blue Trust Inc. increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% in the 4th quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider’s stock valued at $120,000 after buying an additional 3,110 shares during the period. First Affirmative Financial Network increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.6% in the 4th quarter. First Affirmative Financial Network now owns 13,720 shares of the utilities provider’s stock valued at $226,000 after buying an additional 972 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider’s stock valued at $250,000 after buying an additional 2,497 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of NYSE:TLK opened at $16.00 on Friday. The firm’s 50 day simple moving average is $16.65 and its 200 day simple moving average is $18.02. Perusahaan Perseroan has a fifty-two week low of $15.35 and a fifty-two week high of $26.85. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.38 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.12% and a return on equity of 14.86%. The company had revenue of $2.34 billion for the quarter. As a group, sell-side analysts forecast that Perusahaan Perseroan will post 1.65 earnings per share for the current year.

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 note 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.