Marks Group Wealth Management Inc Raises Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Marks Group Wealth Management Inc boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 21.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,423 shares of the utilities provider’s stock after acquiring an additional 2,698 shares during the period. Marks Group Wealth Management Inc’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $305,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock worth $85,411,000 after buying an additional 492,128 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% during the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock worth $73,093,000 after purchasing an additional 14,600 shares during the last quarter. American Century Companies Inc. raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% during the second quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock worth $8,895,000 after purchasing an additional 33,360 shares in the last quarter. Oldfield Partners LLP lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the 3rd quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock worth $8,692,000 after buying an additional 64,429 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% in the 1st quarter. Sei Investments Co. now owns 378,930 shares of the utilities provider’s stock valued at $8,435,000 after buying an additional 5,162 shares in the last quarter.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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 Price Performance

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $17.16 on Thursday. The stock has a 50-day simple moving average of $19.30 and a 200-day simple moving average of $18.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. Perusahaan Perseroan has a fifty-two week low of $16.62 and a fifty-two week high of $26.85.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.