Haven Global Partners LLC Acquires New Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Haven Global Partners LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 200,090 shares of the utilities provider’s stock, valued at approximately $3,291,000. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk comprises about 3.1% of Haven Global Partners LLC’s investment portfolio, making the stock its 9th largest position.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in 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 period. State of New Jersey Common Pension Fund D boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 67.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 284,588 shares of the utilities provider’s stock worth $5,629,000 after buying an additional 114,209 shares during the period. Van ECK Associates Corp grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 127.3% during the third quarter. Van ECK Associates Corp now owns 198,504 shares of the utilities provider’s stock valued at $3,710,000 after buying an additional 111,162 shares in the last quarter. Northcape Capital Pty Ltd lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the 4th quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock worth $8,716,000 after acquiring an additional 77,655 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% in the third quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock worth $7,090,000 after purchasing an additional 73,322 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

TLK stock opened at $16.00 on Friday. 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 firm has a 50 day moving average of $16.65 and a two-hundred day moving average of $18.02. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. Perusahaan Perseroan has a 12 month low of $15.35 and a 12 month high of $26.85.

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

Analysts Set New Price Targets

Separately, StockNews.com raised 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 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.