Coastline Trust Co Increases Position in PT Telekomunikasi Indonesia, Tbk (TLK)

Coastline Trust Co increased its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,445 shares of the utilities provider’s stock after acquiring an additional 3,870 shares during the period. Coastline Trust Co’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,883,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TLK. SG Americas Securities LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 29.1% in the second quarter. SG Americas Securities LLC now owns 6,333 shares of the utilities provider’s stock worth $213,000 after acquiring an additional 1,428 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in PT Telekomunikasi Indonesia, Tbk by 34.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,639 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 935 shares in the last quarter. CIBC World Markets Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter worth $203,000. Raymond James Trust N.A. grew its position in PT Telekomunikasi Indonesia, Tbk by 0.8% in the second quarter. Raymond James Trust N.A. now owns 8,768 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 67 shares in the last quarter. Finally, Profund Advisors LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 8.9% in the second quarter. Profund Advisors LLC now owns 22,776 shares of the utilities provider’s stock worth $767,000 after acquiring an additional 1,856 shares in the last quarter. Institutional investors own 5.50% of the company’s stock.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) traded up $0.32 during trading on Wednesday, reaching $31.66. 237,600 shares of the company’s stock traded hands, compared to its average volume of 275,920. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.26. PT Telekomunikasi Indonesia, Tbk has a 1-year low of $28.10 and a 1-year high of $36.19.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.44 earnings per share for the quarter.

Several brokerages recently issued reports on TLK. Citigroup upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 7th. Macquarie lowered shares of PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. Finally, UBS Group lowered shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. 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 assigned a strong buy rating to the company’s stock. PT Telekomunikasi Indonesia, Tbk 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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