NINE MASTS CAPITAL Ltd bought a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,677 shares of the utilities provider’s stock, valued at approximately $614,000.

Several other large investors have also recently modified their holdings of TLK. BNP Paribas Arbitrage SA raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% during the second quarter. BNP Paribas Arbitrage SA now owns 3,639 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 935 shares during the period. Advisor Group Inc. raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 11.5% during the second quarter. Advisor Group Inc. now owns 4,867 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 501 shares during the period. CIBC World Markets Inc. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter worth approximately $203,000. SG Americas Securities LLC raised its position in PT Telekomunikasi Indonesia, Tbk by 29.1% in the 2nd 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. Finally, Symphony Asset Management LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at $219,000. 5.50% of the stock is currently owned by institutional investors.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) traded down $0.44 during trading on Friday, hitting $30.64. The stock had a trading volume of 259,798 shares, compared to its average volume of 308,948. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $27.17 and a 1 year high of $36.19. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.26.

TLK has been the subject of a number of analyst reports. Citigroup raised PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 7th. Macquarie lowered PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. Finally, UBS lowered 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 assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold”.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/12/01/nine-masts-capital-ltd-invests-614000-in-pt-telekomunikasi-indonesia-tbk-tlk.html.

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)

Receive News & Stock Ratings for PT Telekomunikasi Indonesia Tbk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PT Telekomunikasi Indonesia Tbk and related stocks with our FREE daily email newsletter.