Los Angeles Capital Management & Equity Research Inc. lessened its holdings in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 36.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,153 shares of the Wireless communications provider’s stock after selling 86,897 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Mobile TeleSystems OJSC were worth $1,599,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new position in Mobile TeleSystems OJSC during the 2nd quarter valued at about $103,000. Sciencast Management LP purchased a new position in Mobile TeleSystems OJSC during the 2nd quarter valued at about $103,000. Greenleaf Trust purchased a new position in Mobile TeleSystems OJSC during the 2nd quarter valued at about $115,000. Lapides Asset Management LLC grew its stake in Mobile TeleSystems OJSC by 25.7% during the 2nd quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after acquiring an additional 2,900 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Mobile TeleSystems OJSC by 23.5% during the 2nd quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after acquiring an additional 2,852 shares in the last quarter. 31.64% of the stock is currently owned by institutional investors.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) opened at $10.82 on Friday. The stock has a market capitalization of $10,765.41, a PE ratio of 11.04, a PEG ratio of 0.97 and a beta of 0.95. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. Mobile TeleSystems OJSC has a 1-year low of $7.39 and a 1-year high of $11.59.

Mobile TeleSystems OJSC (NYSE:MBT) last posted its earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 43.01% and a net margin of 13.61%. The firm had revenue of $1.87 billion during the quarter. sell-side analysts anticipate that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current year.

Several equities analysts have weighed in on MBT shares. Zacks Investment Research cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. TheStreet upgraded Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a report on Friday, November 17th. Deutsche Bank AG began coverage on Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price target for the company. BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $11.23.

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Mobile TeleSystems OJSC Company 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.

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

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