Do Hedge Funds Love Telekomunikasi Indones (Prsr) Tbk PT-ADR (TLK)?

Consequently, some big names have jumped into Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE:TLK) headfirst. Indus Capital assembled the largest position in PT Telekomunikasi Indonesia (ADR) (NYSE:TLK) which had $9.3 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also made a $0.4 million investment in the stock during the quarter. The only other fund with a new position in the stock is Louis Navellier’s Navellier & Associates.

Let’s go over hedge fund activity in other stocks similar to Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE:TLK). We will take a look at Applied Materials, Inc. (NASDAQ:AMAT), Air Products & Chemicals, Inc. (NYSE:APD), Estee Lauder Companies Inc (NYSE:EL), and Boston Scientific Corporation (NYSE:BSX). All of these stocks’ market caps are closest to TLK’s market cap.

As you can see these stocks had an average of 47 hedge funds with bullish positions and the average amount invested in these stocks was $2.33 billion. That figure was $136 million in TLK’s case. Applied Materials, Inc. (NASDAQ:AMAT) is the most popular stock in this table. On the other hand Estee Lauder Companies Inc (NYSE:EL) is the least popular one with only 29 bullish hedge fund positions. Compared to these stocks Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE:TLK) is even less popular than EL. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None