Mobile TeleSystems OJSC (NYSE:MBT) Stake Maintained by Acadian Asset Management LLC

Acadian Asset Management LLC maintained its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 214,536 shares of the Wireless communications provider’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Mobile TeleSystems OJSC were worth $1,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MBT. Financial Counselors Inc. boosted its position in shares of Mobile TeleSystems OJSC by 0.5% in the first quarter. Financial Counselors Inc. now owns 28,389 shares of the Wireless communications provider’s stock valued at $313,000 after buying an additional 154 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Mobile TeleSystems OJSC by 1.0% in the second quarter. OLD National Bancorp IN now owns 23,976 shares of the Wireless communications provider’s stock valued at $201,000 after buying an additional 232 shares during the last quarter. World Asset Management Inc boosted its position in shares of Mobile TeleSystems OJSC by 0.5% in the first quarter. World Asset Management Inc now owns 62,535 shares of the Wireless communications provider’s stock valued at $690,000 after buying an additional 316 shares during the last quarter. Comerica Bank boosted its position in shares of Mobile TeleSystems OJSC by 1.1% in the first quarter. Comerica Bank now owns 58,222 shares of the Wireless communications provider’s stock valued at $603,000 after buying an additional 660 shares during the last quarter. Finally, Ronald Blue & Co. LLC boosted its position in shares of Mobile TeleSystems OJSC by 4.6% in the first quarter. Ronald Blue & Co. LLC now owns 16,872 shares of the Wireless communications provider’s stock valued at $186,000 after buying an additional 738 shares during the last quarter. Institutional investors and hedge funds own 35.31% of the company’s stock.

Mobile TeleSystems OJSC (MBT) traded up 0.80% during mid-day trading on Friday, reaching $8.86. 1,949,824 shares of the company’s stock traded hands. The stock has a market cap of $8.76 billion, a P/E ratio of 5.88 and a beta of 0.94. The company has a 50 day moving average price of $8.48 and a 200-day moving average price of $9.63. Mobile TeleSystems OJSC has a 12 month low of $7.09 and a 12 month high of $11.59.

The business also recently declared a None dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a $0.412 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Mobile TeleSystems OJSC’s dividend payout ratio (DPR) is currently 96.00%.

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Several brokerages recently commented on MBT. BidaskClub cut shares of Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Tuesday, June 27th. 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 target on the stock in a research report on Wednesday, July 26th. Finally, Morgan Stanley lowered shares of Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $12.60 to $9.90 in a research report on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $10.05.

Mobile TeleSystems OJSC Company Profile

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.

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

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