Andra AP fonden Has $3.87 Million Position in Mobile TeleSystems OJSC (MBT)
Andra AP fonden reduced its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 461,400 shares of the Wireless communications provider’s stock after selling 29,600 shares during the period. Andra AP fonden’s holdings in Mobile TeleSystems OJSC were worth $3,867,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. increased its position in Mobile TeleSystems OJSC by 48.5% in the second quarter. Prudential Financial Inc. now owns 957,100 shares of the Wireless communications provider’s stock worth $8,020,000 after buying an additional 312,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Mobile TeleSystems OJSC by 7.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,295 shares of the Wireless communications provider’s stock valued at $4,779,000 after buying an additional 40,868 shares during the last quarter. GAM Holding AG increased its position in shares of Mobile TeleSystems OJSC by 14.9% in the second quarter. GAM Holding AG now owns 231,765 shares of the Wireless communications provider’s stock valued at $1,942,000 after buying an additional 30,000 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Mobile TeleSystems OJSC during the second quarter valued at approximately $7,409,000. Finally, Lapides Asset Management LLC increased its position in shares of Mobile TeleSystems OJSC by 25.7% in the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 2,900 shares during the last quarter. 32.15% of the stock is owned by institutional investors and hedge funds.
Mobile TeleSystems OJSC (NYSE MBT) opened at 9.71 on Thursday. The company has a market capitalization of $9.49 billion, a PE ratio of 5.72 and a beta of 0.94. The firm’s 50 day moving average price is $8.58 and its 200-day moving average price is $9.58. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59.
Mobile TeleSystems OJSC (NYSE:MBT) last released its quarterly earnings data on Monday, August 28th. The Wireless communications provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $1.87 billion for the quarter. Mobile TeleSystems OJSC had a return on equity of 34.85% and a net margin of 11.05%. On average, equities analysts anticipate that Mobile TeleSystems OJSC will post $0.96 earnings per share for the current fiscal year.
The company also recently disclosed a None dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a dividend of $0.412 per share. The ex-dividend date of this dividend was Thursday, July 6th. Mobile TeleSystems OJSC’s payout ratio is currently 82.76%.
Several research analysts have commented on MBT shares. Morgan Stanley downgraded Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $12.60 to $9.90 in a research note on Thursday, May 4th. BidaskClub downgraded Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, J P Morgan Chase & Co raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective for the company in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.05.
About Mobile TeleSystems OJSC
Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a provider of telecommunications services. The Company provides mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories.
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