Manning & Napier Advisors LLC Invests $2.30 Million in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Manning & Napier Advisors LLC acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 123,072 shares of the utilities provider’s stock, valued at approximately $2,301,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,075,291 shares of the utilities provider’s stock worth $90,716,000 after buying an additional 30,270 shares in the last quarter. Martin Currie Ltd. grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.1% during the fourth quarter. Martin Currie Ltd. now owns 874,515 shares of the utilities provider’s stock worth $22,528,000 after acquiring an additional 9,842 shares during the period. Northcape Capital Pty Ltd raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 75.1% in the first quarter. Northcape Capital Pty Ltd now owns 572,516 shares of the utilities provider’s stock worth $12,744,000 after acquiring an additional 245,573 shares in the last quarter. Oldfield Partners LLP lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.5% in the first quarter. Oldfield Partners LLP now owns 502,489 shares of the utilities provider’s stock valued at $11,185,000 after acquiring an additional 39,300 shares during the period. Finally, Sei Investments Co. lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% in the first quarter. Sei Investments Co. now owns 378,930 shares of the utilities provider’s stock valued at $8,435,000 after acquiring an additional 5,162 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a report on Wednesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 0.2 %

Shares of TLK stock traded up $0.04 during midday trading on Friday, reaching $17.86. 354,635 shares of the company traded hands, compared to its average volume of 359,869. The firm’s 50 day simple moving average is $18.39 and its two-hundred day simple moving average is $21.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.65. Perusahaan Perseroan has a 1-year low of $16.62 and a 1-year high of $26.85.

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.