Letko Brosseau & Associates Inc. Decreases Stock Position in Mobil’nye Telesistemy PAO (NYSE:MBT)

Letko Brosseau & Associates Inc. cut its holdings in Mobil’nye Telesistemy PAO (NYSE:MBT) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,300 shares of the Wireless communications provider’s stock after selling 2,000 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Mobil’nye Telesistemy PAO were worth $422,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Mobil’nye Telesistemy PAO by 1.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,916,849 shares of the Wireless communications provider’s stock valued at $14,491,000 after purchasing an additional 30,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mobil’nye Telesistemy PAO by 68.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 537,303 shares of the Wireless communications provider’s stock valued at $5,002,000 after purchasing an additional 219,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Mobil’nye Telesistemy PAO by 258.5% in the 1st quarter. SG Americas Securities LLC now owns 585,065 shares of the Wireless communications provider’s stock valued at $4,423,000 after purchasing an additional 421,853 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Mobil’nye Telesistemy PAO in the 1st quarter valued at about $299,000. Finally, Integrated Investment Consultants LLC purchased a new position in Mobil’nye Telesistemy PAO in the 1st quarter valued at about $132,000. Institutional investors and hedge funds own 32.05% of the company’s stock.

A number of research firms have issued reports on MBT. ValuEngine lowered shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Zacks Investment Research lowered shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th.

NYSE:MBT traded down $0.03 on Thursday, reaching $7.68. The stock had a trading volume of 86,836 shares, compared to its average volume of 2,157,774. The stock has a market cap of $7.32 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 2.17 and a beta of 1.06. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 6.95. The stock’s fifty day simple moving average is $8.46. Mobil’nye Telesistemy PAO has a 12-month low of $6.64 and a 12-month high of $9.63.

Mobil’nye Telesistemy PAO (NYSE:MBT) last announced its quarterly earnings data on Thursday, May 23rd. The Wireless communications provider reported $0.24 earnings per share for the quarter. The business had revenue of $1.79 billion for the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.92% and a return on equity of 75.95%. As a group, analysts anticipate that Mobil’nye Telesistemy PAO will post 0.97 earnings per share for the current year.

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.

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

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