Vident Investment Advisory LLC Lowers Holdings in MTS (MBT)

Vident Investment Advisory LLC lowered its position in MTS (NYSE:MBT) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 399,324 shares of the Wireless communications provider’s stock after selling 15,740 shares during the period. Vident Investment Advisory LLC’s holdings in MTS were worth $4,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in MTS by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,015,813 shares of the Wireless communications provider’s stock valued at $94,125,000 after purchasing an additional 114,812 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in MTS by 19.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock valued at $99,861,000 after buying an additional 1,554,205 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in MTS by 3.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 446,178 shares of the Wireless communications provider’s stock valued at $4,658,000 after buying an additional 14,900 shares in the last quarter. Legal & General Group Plc grew its holdings in MTS by 21.9% in the 3rd quarter. Legal & General Group Plc now owns 856,562 shares of the Wireless communications provider’s stock valued at $8,942,000 after buying an additional 153,699 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in MTS by 6.1% in the 4th quarter. BlackRock Inc. now owns 31,002,339 shares of the Wireless communications provider’s stock valued at $315,915,000 after buying an additional 1,769,814 shares in the last quarter. Hedge funds and other institutional investors own 31.40% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of MBT stock traded down $0.44 during midday trading on Friday, hitting $11.00. The company had a trading volume of 2,518,451 shares, compared to its average volume of 2,485,910. MTS has a 52-week low of $7.76 and a 52-week high of $12.80. The company has a market capitalization of $10,944.50, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.93.

Several equities analysts recently issued reports on MBT shares. ValuEngine raised MTS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. VTB Capital lowered MTS from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Zacks Investment Research raised MTS from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Thursday, March 8th. HSBC raised MTS from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Gabelli reissued a “buy” rating on shares of MTS in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $11.35.

ILLEGAL ACTIVITY NOTICE: “Vident Investment Advisory LLC Lowers Holdings in MTS (MBT)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/08/mobilnye-telesistemy-pao-mbt-holdings-cut-by-vident-investment-advisory-llc.html.

MTS Profile

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. The company operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. It offers voice and data transmission, Internet access, pay TV, and various value added services through wireless and fixed lines, as well as sells equipment, accessories, and handsets.

Institutional Ownership by Quarter for MTS (NYSE:MBT)

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

Leave a Reply