Quantitative Systematic Strategies LLC Invests $150,000 in Mobile TeleSystems OJSC (NYSE:MBT)

Quantitative Systematic Strategies LLC acquired a new stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,084 shares of the Wireless communications provider’s stock, valued at approximately $150,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in Mobile TeleSystems OJSC during the first quarter valued at approximately $130,000. M&T Bank Corp bought a new stake in shares of Mobile TeleSystems OJSC during the first quarter valued at about $134,000. Envestnet Asset Management Inc. increased its stake in shares of Mobile TeleSystems OJSC by 39.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,133 shares of the Wireless communications provider’s stock valued at $146,000 after buying an additional 4,585 shares during the period. Symphony Asset Management LLC bought a new stake in shares of Mobile TeleSystems OJSC during the first quarter valued at about $165,000. Finally, Ronald Blue & Co. LLC increased its stake 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 period. Hedge funds and other institutional investors own 34.92% of the company’s stock.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) traded down 0.12% during midday trading on Wednesday, reaching $8.62. The company had a trading volume of 1,110,467 shares. The company has a 50-day moving average price of $8.49 and a 200 day moving average price of $9.78. The company has a market capitalization of $8.53 billion, a P/E ratio of 5.72 and a beta of 0.94. Mobile TeleSystems OJSC has a one year low of $7.09 and a one year high of $11.59.

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

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Several equities research analysts recently issued reports on the company. J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price target for the company in a report on Wednesday, July 26th. BidaskClub downgraded Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday, June 27th. Morgan Stanley downgraded Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $12.60 to $9.90 in a report on Thursday, May 4th. Finally, Standpoint Research downgraded Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target 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.

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