Cutler Investment Counsel LLC held its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,514 shares of the utilities provider’s stock at the end of the second quarter. Cutler Investment Counsel LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $219,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TLK. Renaissance Technologies LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 18.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,095,600 shares of the utilities provider’s stock valued at $70,559,000 after buying an additional 323,000 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new stake in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at about $5,389,000. Marshall Wace North America L.P. bought a new stake in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at about $1,862,000. LA Financiere DE L Echiquier increased its position in PT Telekomunikasi Indonesia, Tbk by 36.4% in the 2nd quarter. LA Financiere DE L Echiquier now owns 150,000 shares of the utilities provider’s stock valued at $5,051,000 after buying an additional 40,000 shares in the last quarter. Finally, Herndon Capital Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 250.4% in the 2nd 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 in the last quarter. 5.74% of the stock is currently owned by institutional investors.

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Shares of PT Telekomunikasi Indonesia, Tbk (TLK) traded up 0.75% during mid-day trading on Thursday, reaching $34.90. The company’s stock had a trading volume of 24,484 shares. The company has a market cap of $34.57 billion, a P/E ratio of 20.53 and a beta of 0.59. The company has a 50-day moving average of $35.43 and a 200-day moving average of $33.28. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $27.17 and a 12 month high of $67.13.

Separately, BidaskClub raised PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.

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

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