DGS Capital Management LLC Raises Stock Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

DGS Capital Management LLC increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 31.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,421 shares of the utilities provider's stock after buying an additional 18,035 shares during the period. DGS Capital Management LLC's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,241,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% during the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider's stock valued at $5,921,000 after buying an additional 230,613 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter valued at about $2,163,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 67.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 284,588 shares of the utilities provider's stock worth $5,629,000 after buying an additional 114,209 shares during the period. Van ECK Associates Corp grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 127.3% in the 3rd quarter. Van ECK Associates Corp now owns 198,504 shares of the utilities provider's stock valued at $3,710,000 after acquiring an additional 111,162 shares during the last quarter. Finally, Northcape Capital Pty Ltd grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the 4th quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider's stock worth $8,716,000 after acquiring an additional 77,655 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.4 %

TLK stock traded up $0.08 during trading on Friday, hitting $17.04. 326,340 shares of the company's stock traded hands, compared to its average volume of 493,881. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $16.88 billion, a P/E ratio of 11.83, a PEG ratio of 1.46 and a beta of 0.78. The business has a fifty day simple moving average of $16.65 and a two-hundred day simple moving average of $18.11. Perusahaan Perseroan has a 1 year low of $15.35 and a 1 year high of $26.85.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.38 EPS for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.12% and a return on equity of 14.86%. The business had revenue of $2.34 billion during the quarter. Sell-side analysts anticipate that Perusahaan Perseroan will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a "hold" rating to a "buy" rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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.