Mobile TeleSystems OJSC (MBT) Shares Bought by Invictus RG

Invictus RG lifted its stake in Mobile TeleSystems OJSC (NYSE:MBT) by 115.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,733 shares of the Wireless communications provider’s stock after purchasing an additional 27,210 shares during the period. Invictus RG’s holdings in Mobile TeleSystems OJSC were worth $530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MBT. Pinebridge Investments L.P. purchased a new stake in shares of Mobile TeleSystems OJSC during the third quarter valued at about $635,000. Strategic Global Advisors LLC purchased a new stake in shares of Mobile TeleSystems OJSC during the third quarter valued at about $417,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Mobile TeleSystems OJSC during the third quarter valued at about $17,133,000. Brandes Investment Partners LP lifted its position in shares of Mobile TeleSystems OJSC by 4.8% during the third quarter. Brandes Investment Partners LP now owns 4,697,044 shares of the Wireless communications provider’s stock valued at $49,037,000 after buying an additional 213,316 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Mobile TeleSystems OJSC by 19.7% during the third quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock valued at $99,861,000 after buying an additional 1,554,205 shares during the last quarter. Hedge funds and other institutional investors own 32.22% of the company’s stock.

Shares of Mobile TeleSystems OJSC (NYSE MBT) traded down $0.20 during trading hours on Tuesday, reaching $9.81. 2,752,900 shares of the company traded hands, compared to its average volume of 2,988,161. Mobile TeleSystems OJSC has a one year low of $7.76 and a one year high of $11.59. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm has a market cap of $9,959.50, a P/E ratio of 10.21, a PEG ratio of 0.89 and a beta of 0.94.

Several research firms have recently issued reports on MBT. ValuEngine upgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Deutsche Bank began coverage on shares of Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price objective on the stock. Zacks Investment Research downgraded shares of Mobile TeleSystems OJSC from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, TheStreet upgraded shares of Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a report on Friday, November 17th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target 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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