Nordea Investment Management AB maintained its stake in Mobile TeleSystems OJSC (NYSE:MBT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,800 shares of the Wireless communications provider’s stock at the close of the second quarter. Nordea Investment Management AB’s holdings in Mobile TeleSystems OJSC were worth $912,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. M&T Bank Corp boosted its holdings in shares of Mobile TeleSystems OJSC by 23.5% in the 2nd quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 2,852 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Mobile TeleSystems OJSC by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 1,331,467 shares of the Wireless communications provider’s stock worth $11,158,000 after buying an additional 30,108 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Mobile TeleSystems OJSC by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 16,872,024 shares of the Wireless communications provider’s stock worth $141,388,000 after buying an additional 918,218 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Mobile TeleSystems OJSC by 11.7% in the 2nd quarter. Profund Advisors LLC now owns 23,360 shares of the Wireless communications provider’s stock worth $196,000 after buying an additional 2,440 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Mobile TeleSystems OJSC in the 2nd quarter worth about $322,000. 32.11% of the stock is currently owned by institutional investors.

Shares of Mobile TeleSystems OJSC (NYSE MBT) opened at 10.41 on Monday. The stock has a market capitalization of $10.18 billion, a P/E ratio of 6.06 and a beta of 0.94. The firm’s 50-day moving average is $10.15 and its 200 day moving average is $9.59. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59.

Mobile TeleSystems OJSC (NYSE:MBT) last released its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.04. The business had revenue of $1.87 billion during the quarter. Mobile TeleSystems OJSC had a return on equity of 40.25% and a net margin of 12.42%. On average, equities research analysts forecast that Mobile TeleSystems OJSC will post $0.97 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.294 per share. The ex-dividend date of this dividend is Thursday, October 12th. Mobile TeleSystems OJSC’s dividend payout ratio is currently 82.76%.

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A number of equities analysts recently weighed in on MBT shares. ValuEngine raised shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Deutsche Bank AG started 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. BidaskClub raised shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, 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 objective on the stock in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.97.

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.

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

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