Parametric Portfolio Associates LLC Acquires 4,655 Shares of PT Telekomunikasi Indonesia, Tbk (TLK)

Parametric Portfolio Associates LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 311,638 shares of the utilities provider’s stock after buying an additional 4,655 shares during the period. Parametric Portfolio Associates LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $10,493,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. M&T Bank Corp purchased a new position in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at approximately $372,000. Ronald Blue & Co. LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at approximately $215,000. Deltec Asset Management LLC boosted its position in PT Telekomunikasi Indonesia, Tbk by 4.3% in the 2nd quarter. Deltec Asset Management LLC now owns 53,900 shares of the utilities provider’s stock valued at $1,815,000 after buying an additional 2,200 shares during the period. Freestone Capital Holdings LLC boosted its position in PT Telekomunikasi Indonesia, Tbk by 8.9% in the 2nd quarter. Freestone Capital Holdings LLC now owns 242,973 shares of the utilities provider’s stock valued at $8,181,000 after buying an additional 19,894 shares during the period. Finally, Capital Fund Management S.A. boosted its position in PT Telekomunikasi Indonesia, Tbk by 70.4% in the 2nd quarter. Capital Fund Management S.A. now owns 16,700 shares of the utilities provider’s stock valued at $562,000 after buying an additional 6,900 shares during the period. 5.74% of the stock is owned by institutional investors.

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Shares of PT Telekomunikasi Indonesia, Tbk (NYSE TLK) opened at 32.44 on Friday. The firm has a market capitalization of $32.14 billion, a price-to-earnings ratio of 19.08 and a beta of 0.59. PT Telekomunikasi Indonesia, Tbk has a one year low of $27.17 and a one year high of $65.47. The stock has a 50 day moving average of $34.86 and a 200-day moving average of $33.74.

Several brokerages have commented on TLK. UBS AG cut shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. BidaskClub upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st.

About PT Telekomunikasi Indonesia, Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

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Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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