Caprock Group LLC Invests $253,000 in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Caprock Group LLC purchased a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,798 shares of the utilities provider’s stock, valued at approximately $253,000.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% in the second quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 660 shares during the period. Ascent Group LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at $210,000. Ballentine Partners LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% during the 2nd quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock worth $243,000 after buying an additional 1,560 shares during the last quarter. First Affirmative Financial Network acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 3rd quarter worth $252,000. Finally, Blue Trust Inc. boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 50.5% in the second quarter. Blue Trust Inc. now owns 13,805 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 4,634 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $17.08 on Monday. The stock’s 50 day moving average price is $18.55 and its 200 day moving average price is $18.63. Perusahaan Perseroan has a 1-year low of $15.78 and a 1-year high of $26.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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 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.