BNP Paribas Arbitrage SA Buys 2,763 Shares of PT Telekomunikasi Indonesia, Tbk (TLK)

BNP Paribas Arbitrage SA grew its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 75.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,402 shares of the utilities provider’s stock after buying an additional 2,763 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $220,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TLK. DekaBank Deutsche Girozentrale bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter valued at about $995,000. Advisors Asset Management Inc. grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 58.9% during the second quarter. Advisors Asset Management Inc. now owns 27,882 shares of the utilities provider’s stock valued at $939,000 after buying an additional 10,337 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 29.1% during the second quarter. SG Americas Securities LLC now owns 6,333 shares of the utilities provider’s stock valued at $213,000 after buying an additional 1,428 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter valued at about $1,862,000. Finally, Herndon Capital Management LLC grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 250.4% during the second quarter. Herndon Capital Management LLC now owns 46,526 shares of the utilities provider’s stock valued at $1,567,000 after buying an additional 33,249 shares during the last quarter. 5.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) traded down $0.12 during trading hours on Friday, hitting $31.08. The stock had a trading volume of 267,400 shares, compared to its average volume of 307,029. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $27.17 and a 52-week high of $36.19. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26.

A number of brokerages have recently issued reports on TLK. UBS cut PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. Macquarie cut PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, Citigroup raised PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold”.

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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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