Kayne Anderson Rudnick Investment Management LLC Raises Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Kayne Anderson Rudnick Investment Management LLC increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 63.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,823 shares of the utilities provider’s stock after purchasing an additional 15,047 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $726,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TLK. UMB Bank n.a. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 660 shares during the last quarter. Mather Group LLC. acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter worth approximately $40,000. EverSource Wealth Advisors LLC raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 1,124 shares during the period. CWM LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the 1st quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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 worth $152,000 after buying an additional 1,011 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 1.4 %

Shares of NYSE:TLK opened at $20.87 on Tuesday. The stock has a 50-day simple moving average of $19.16 and a 200-day simple moving average of $19.67. The stock has a market capitalization of $18.80 billion, a P/E ratio of 12.96, a PEG ratio of 1.56 and a beta of 0.77. Perusahaan Perseroan has a 1 year low of $16.62 and a 1 year high of $26.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 earnings per share (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 during the quarter. Equities analysts forecast that Perusahaan Perseroan will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.