Forward Management LLC reduced its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 42.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,500 shares of the Wireless communications provider’s stock after selling 39,500 shares during the quarter. Forward Management LLC’s holdings in Mobile TeleSystems OJSC were worth $559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in Mobile TeleSystems OJSC during the second quarter worth $103,000. Sciencast Management LP bought a new stake in Mobile TeleSystems OJSC during the second quarter worth $103,000. Greenleaf Trust bought a new stake in Mobile TeleSystems OJSC during the second quarter worth $115,000. Lapides Asset Management LLC raised its position in Mobile TeleSystems OJSC by 25.7% during the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock worth $119,000 after acquiring an additional 2,900 shares in the last quarter. Finally, M&T Bank Corp raised its position in Mobile TeleSystems OJSC by 23.5% during the second quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock worth $126,000 after acquiring an additional 2,852 shares in the last quarter. 32.30% of the stock is currently owned by hedge funds and other institutional investors.

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Mobile TeleSystems OJSC (MBT) traded up $0.33 during trading hours on Monday, reaching $11.15. 1,652,680 shares of the company were exchanged, compared to its average volume of 2,259,233. The firm has a market capitalization of $10,755.46, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 0.97 and a beta of 0.95. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.07 and a quick ratio of 1.00.

Mobile TeleSystems OJSC (NYSE:MBT) last announced its earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a net margin of 12.42% and a return on equity of 40.25%. The business had revenue of $1.87 billion during the quarter. analysts anticipate that Mobile TeleSystems OJSC will post 1.03 EPS for the current fiscal year.

Several research firms have issued reports on MBT. Deutsche Bank AG began coverage on shares of Mobile TeleSystems OJSC in a research report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price target on the stock. Zacks Investment Research raised shares of Mobile TeleSystems OJSC from a “sell” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, October 25th. ValuEngine raised shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co raised shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective on the stock in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Mobile TeleSystems OJSC currently has a consensus rating of “Buy” and a consensus price target of $11.23.

Mobile TeleSystems OJSC Profile

Mobil’nye Telesistemy PAO is a Russia-based 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.

Institutional Ownership by Quarter for Mobile TeleSystems OJSC (NYSE:MBT)

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