Today: The Capstone Asset Management Co. Raises Stake in Mobile TeleSystems OAO (MBT)

The Capstone Asset Management Co. Raises Stake in Mobile TeleSystems OAO (MBT)

Capstone Asset Management Co. increased its position in Mobile TeleSystems OAO (NYSE:MBT) by 78.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,730 shares of the company’s stock after buying an additional 12,610 shares during the period. Capstone Asset Management Co.’s holdings in Mobile TeleSystems OAO were worth $219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MBT. Los Angeles Capital Management & Equity Research Inc. bought a new position in Mobile TeleSystems OAO during the first quarter worth approximately $165,000. Ngam Advisors L.P. boosted its position in Mobile TeleSystems OAO by 10.4% in the first quarter. Ngam Advisors L.P. now owns 160,921 shares of the company’s stock worth $1,302,000 after buying an additional 15,146 shares during the period. Prudential Financial Inc. boosted its position in Mobile TeleSystems OAO by 5.2% in the first quarter. Prudential Financial Inc. now owns 361,100 shares of the company’s stock worth $2,921,000 after buying an additional 18,000 shares during the period. BlackRock Fund Advisors boosted its position in Mobile TeleSystems OAO by 8.3% in the first quarter. BlackRock Fund Advisors now owns 7,271,898 shares of the company’s stock worth $58,830,000 after buying an additional 556,458 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its position in Mobile TeleSystems OAO by 95.5% in the first quarter. BlackRock Japan Co. Ltd now owns 18,566 shares of the company’s stock worth $150,000 after buying an additional 9,070 shares during the period. 29.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Mobile TeleSystems OAO (NYSE:MBT) traded up 0.19% on Wednesday, reaching $7.61. 1,557,739 shares of the company were exchanged. The firm has a market capitalization of $7.57 billion, a PE ratio of 5.21 and a beta of 1.20. The stock’s 50-day moving average is $7.98 and its 200 day moving average is $8.59. Mobile TeleSystems OAO has a 12-month low of $5.15 and a 12-month high of $9.47.

The business also recently announced a dividend, which will be paid on Monday, November 21st. Shareholders of record on Friday, October 14th will be issued a dividend of $0.3837 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This is a positive change from Mobile TeleSystems OAO’s previous dividend of $0.32. Mobile TeleSystems OAO’s payout ratio is presently 48.53%.

A number of research analysts have recently commented on MBT shares. Credit Suisse Group AG started coverage on shares of Mobile TeleSystems OAO in a report on Monday, June 20th. They issued an “outperform” rating and a $10.00 target price for the company. Zacks Investment Research cut shares of Mobile TeleSystems OAO from a “buy” rating to a “sell” rating in a report on Thursday, August 11th. Finally, HSBC cut shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Mobile TeleSystems OAO has an average rating of “Hold” and an average target price of $9.69.

Mobile TeleSystems OAO 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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