Mobile TeleSystems OJSC (NYSE:MBT) Stake Increased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its holdings in Mobile TeleSystems OJSC (NYSE:MBT) by 67.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,663 shares of the Wireless communications provider’s stock after buying an additional 39,031 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Mobile TeleSystems OJSC were worth $1,009,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sciencast Management LP acquired a new stake in shares of Mobile TeleSystems OJSC in the 2nd quarter valued at $103,000. Tudor Investment Corp ET AL acquired a new stake in shares of Mobile TeleSystems OJSC in the 2nd quarter valued at $103,000. M&T Bank Corp boosted its stake 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 valued at $126,000 after purchasing an additional 2,852 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of Mobile TeleSystems OJSC by 9.0% in the 2nd quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock valued at $174,000 after purchasing an additional 1,707 shares in the last quarter. Finally, Symphony Asset Management LLC boosted its stake in shares of Mobile TeleSystems OJSC by 39.4% in the 2nd quarter. Symphony Asset Management LLC now owns 20,856 shares of the Wireless communications provider’s stock valued at $175,000 after purchasing an additional 5,897 shares in the last quarter. 32.06% of the stock is currently owned by hedge funds and other institutional investors.

Mobile TeleSystems OJSC (NYSE:MBT) traded up $0.09 during trading on Thursday, reaching $10.76. 2,941,134 shares of the company’s stock were exchanged, compared to its average volume of 2,930,493. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Mobile TeleSystems OJSC has a 52 week low of $7.76 and a 52 week high of $11.59. The firm has a market cap of $10,170.00, a P/E ratio of 10.35, a PEG ratio of 0.89 and a beta of 0.94.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “strong sell” rating to a “hold” rating in a research note on Friday, January 5th. Bank of America upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Deutsche Bank downgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research report on Wednesday, December 6th. Finally, TheStreet upgraded shares of Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Mobile TeleSystems OJSC has a consensus rating of “Buy” and an average price target of $10.85.

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About Mobile TeleSystems OJSC

Mobil’nye Telesistemy PAO is a Russia-based 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.

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

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