Mobile TeleSystems OJSC (NYSE:MBT) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. reduced its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 3,932,368 shares of the Wireless communications provider’s stock after selling 318,815 shares during the period. Pictet Asset Management Ltd.’s holdings in Mobile TeleSystems OJSC were worth $34,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Mobile TeleSystems OJSC by 61.9% in the fourth quarter. FMR LLC now owns 637,670 shares of the Wireless communications provider’s stock worth $5,809,000 after buying an additional 243,800 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Mobile TeleSystems OJSC by 19.3% in the first quarter. Bank of Montreal Can now owns 1,304,053 shares of the Wireless communications provider’s stock worth $14,384,000 after buying an additional 210,970 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Mobile TeleSystems OJSC by 24.8% in the first quarter. Profund Advisors LLC now owns 20,920 shares of the Wireless communications provider’s stock worth $231,000 after buying an additional 4,160 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Mobile TeleSystems OJSC by 69.8% in the first quarter. Russell Investments Group Ltd. now owns 592,191 shares of the Wireless communications provider’s stock worth $6,532,000 after buying an additional 243,500 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Mobile TeleSystems OJSC during the first quarter worth $334,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

Mobile TeleSystems OJSC (MBT) opened at 8.59 on Thursday. Mobile TeleSystems OJSC has a one year low of $7.09 and a one year high of $11.59. The company has a 50-day moving average price of $8.44 and a 200-day moving average price of $9.71. The firm has a market cap of $8.50 billion, a PE ratio of 5.70 and a beta of 0.94.

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

ILLEGAL ACTIVITY WARNING: “Mobile TeleSystems OJSC (NYSE:MBT) Shares Sold by Pictet Asset Management Ltd.” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/2798446/mobile-telesystems-ojsc-nysembt-shares-sold-by-pictet-asset-management-ltd.html.

MBT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Mobile TeleSystems OJSC from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Wednesday, April 19th. Morgan Stanley cut Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $12.60 to $9.90 in a report on Thursday, May 4th. BidaskClub cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price on the stock in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Mobile TeleSystems OJSC currently has an average rating of “Buy” and a consensus target price of $10.05.

About Mobile TeleSystems OJSC

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.

Want to see what other hedge funds are holding MBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobile TeleSystems OJSC (NYSE:MBT).

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

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.