Korea Investment CORP Trims Position in Mobil’nye Telesistemy PAO (MBT)

Share on StockTwits

Korea Investment CORP lessened its position in shares of Mobil’nye Telesistemy PAO (NYSE:MBT) by 20.0% in the second quarter, Holdings Channel reports. The fund owned 213,900 shares of the Wireless communications provider’s stock after selling 53,500 shares during the quarter. Korea Investment CORP’s holdings in Mobil’nye Telesistemy PAO were worth $1,889,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MBT. Wells Fargo & Company MN increased its position in Mobil’nye Telesistemy PAO by 61.6% during the second quarter. Wells Fargo & Company MN now owns 2,794,131 shares of the Wireless communications provider’s stock valued at $24,672,000 after acquiring an additional 1,065,417 shares during the last quarter. Segantii Capital Management Ltd bought a new stake in Mobil’nye Telesistemy PAO during the second quarter valued at about $7,725,000. State of New Jersey Common Pension Fund D grew its holdings in Mobil’nye Telesistemy PAO by 413.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 937,566 shares of the Wireless communications provider’s stock valued at $8,279,000 after purchasing an additional 754,849 shares during the period. Canada Pension Plan Investment Board grew its holdings in Mobil’nye Telesistemy PAO by 19.3% during the second quarter. Canada Pension Plan Investment Board now owns 3,262,197 shares of the Wireless communications provider’s stock valued at $28,805,000 after purchasing an additional 528,200 shares during the period. Finally, Boston Partners grew its holdings in Mobil’nye Telesistemy PAO by 508.8% during the second quarter. Boston Partners now owns 456,939 shares of the Wireless communications provider’s stock valued at $4,035,000 after purchasing an additional 381,878 shares during the period. Institutional investors own 32.83% of the company’s stock.

NYSE:MBT opened at $8.21 on Friday. Mobil’nye Telesistemy PAO has a 52-week low of $7.25 and a 52-week high of $12.80. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.86 and a quick ratio of 0.78. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 0.78 and a beta of 1.17.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its quarterly earnings results on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 46.93% and a net margin of 13.43%. The business had revenue of $1.85 billion during the quarter. equities research analysts predict that Mobil’nye Telesistemy PAO will post 0.96 EPS for the current year.

MBT has been the subject of several recent research reports. ValuEngine lowered Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Zacks Investment Research raised Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $12.50.

Mobil’nye Telesistemy PAO Company Profile

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. It operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. The company offers voice and data transmission; Internet access; pay TV; and various value added services, including big data, Internet of Things, cloud, financial, and e-commerce services through wireless and fixed lines, as well as sells equipment, accessories, and software.

Read More: Should I follow buy, hold and sell recommendations?

Want to see what other hedge funds are holding MBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobil’nye Telesistemy PAO (NYSE:MBT).

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

Receive News & Ratings for Mobil'nye Telesistemy PAO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobil'nye Telesistemy PAO and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Financial Institutions  & KeyCorp  Head to Head Contrast
Financial Institutions & KeyCorp Head to Head Contrast
Critical Survey: Sohu.com  and Marin Software
Critical Survey: Sohu.com and Marin Software
Cameco  Given New C$14.00 Price Target at BMO Capital Markets
Cameco Given New C$14.00 Price Target at BMO Capital Markets
North American Construction Group’s  “Outperform” Rating Reiterated at National Bank Financial
North American Construction Group’s “Outperform” Rating Reiterated at National Bank Financial
Research Analysts Offer Predictions for Poxel SA’s FY2018 Earnings
Research Analysts Offer Predictions for Poxel SA’s FY2018 Earnings
Brokers Set Expectations for Agree Realty Co.’s Q3 2018 Earnings
Brokers Set Expectations for Agree Realty Co.’s Q3 2018 Earnings


Leave a Reply

 
© 2006-2018 Zolmax.