Capital Fund Management S.A. raised its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 70.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,700 shares of the utilities provider’s stock after buying an additional 6,900 shares during the period. Capital Fund Management S.A.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TLK. BNP Paribas Arbitrage SA raised its stake in PT Telekomunikasi Indonesia, Tbk by 34.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,639 shares of the utilities provider’s stock valued at $123,000 after buying an additional 935 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter valued at $203,000. SG Americas Securities LLC raised its stake in PT Telekomunikasi Indonesia, Tbk by 29.1% during 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. Ronald Blue & Co. LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter valued at $215,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in PT Telekomunikasi Indonesia, Tbk by 20.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 12,400 shares of the utilities provider’s stock valued at $418,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 5.74% of the company’s stock.

Separately, BidaskClub lowered shares of PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) opened at 35.50 on Monday. The stock has a market capitalization of $35.17 billion, a price-to-earnings ratio of 22.19 and a beta of 0.59. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $27.17 and a 52 week high of $36.19. The firm’s 50-day moving average is $35.42 and its 200-day moving average is $33.12.

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About PT Telekomunikasi Indonesia, Tbk

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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