Prudential Financial Inc. cut its stake in Mobil’nye Telesistemy PAO (NYSE:MBT) by 66.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,380 shares of the Wireless communications provider’s stock after selling 210,100 shares during the period. Prudential Financial Inc.’s holdings in Mobil’nye Telesistemy PAO were worth $759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its position in shares of Mobil’nye Telesistemy PAO by 397.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 5,014 shares of the Wireless communications provider’s stock worth $35,000 after acquiring an additional 4,006 shares during the last quarter. TD Asset Management Inc. acquired a new stake in shares of Mobil’nye Telesistemy PAO in the fourth quarter worth approximately $71,000. Cigna Investments Inc. New acquired a new position in Mobil’nye Telesistemy PAO during the fourth quarter valued at approximately $90,000. Stevens Capital Management LP acquired a new position in Mobil’nye Telesistemy PAO during the fourth quarter valued at approximately $109,000. Finally, Baillie Gifford & Co. acquired a new position in Mobil’nye Telesistemy PAO during the third quarter valued at approximately $116,000. 31.30% of the stock is currently owned by institutional investors and hedge funds.

MBT has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. ValuEngine raised shares of Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 5th.

Shares of MBT stock opened at $8.00 on Wednesday. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06. The company has a debt-to-equity ratio of 6.57, a quick ratio of 0.85 and a current ratio of 0.91. Mobil’nye Telesistemy PAO has a fifty-two week low of $6.64 and a fifty-two week high of $11.70.

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Mobil’nye Telesistemy PAO Company Profile

Mobile TeleSystems PJSC engages in the provision of mobile, fixed-line, and digital services. It offers wireless Internet access and fixed voice, broadband, and pay-TV. It operates through the following segments: Russia Convergent, Moscow Fixed Line, Ukraine, and Other. The Russia Convergent segment represents the results of mobile and fixed line operations, which encompasses services rendered to customers across regions of Russia, including voice and data services, transmission, broadband, pay-TV and various value-added services and retail operations.

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Institutional Ownership by Quarter for Mobil`nye Telesistemy PAO (NYSE:MBT)

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