Acadian Asset Management LLC Buys 438,521 Shares of Mobil’nye Telesistemy PAO (MBT)

Acadian Asset Management LLC grew its stake in shares of Mobil’nye Telesistemy PAO (NYSE:MBT) by 63.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,129,104 shares of the Wireless communications provider’s stock after acquiring an additional 438,521 shares during the period. Acadian Asset Management LLC’s holdings in Mobil’nye Telesistemy PAO were worth $9,632,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Stevens Capital Management LP purchased a new stake in shares of Mobil’nye Telesistemy PAO in the second quarter worth $117,000. Confluence Investment Management LLC purchased a new stake in shares of Mobil’nye Telesistemy PAO in the second quarter worth $135,000. Tobam purchased a new stake in shares of Mobil’nye Telesistemy PAO in the second quarter worth $187,000. Commonwealth Equity Services LLC raised its position in shares of Mobil’nye Telesistemy PAO by 39.2% in the second quarter. Commonwealth Equity Services LLC now owns 21,442 shares of the Wireless communications provider’s stock worth $189,000 after buying an additional 6,037 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Mobil’nye Telesistemy PAO in the second quarter worth $208,000. Hedge funds and other institutional investors own 32.80% of the company’s stock.

Shares of MBT stock opened at $8.54 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 3.48. Mobil’nye Telesistemy PAO has a 52-week low of $7.25 and a 52-week high of $12.80. The firm has a market capitalization of $7.71 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.82 and a beta of 1.09.

Mobil’nye Telesistemy PAO (NYSE:MBT) last issued its quarterly earnings data on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 46.93% and a net margin of 13.43%. The company had revenue of $1.85 billion for the quarter. On average, analysts predict that Mobil’nye Telesistemy PAO will post 0.96 EPS for the current year.

A number of brokerages recently issued reports on MBT. Zacks Investment Research downgraded Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. ValuEngine upgraded Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.50.

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Mobil’nye Telesistemy PAO Company Profile

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

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Institutional Ownership by Quarter for Mobil`nye Telesistemy PAO (NYSE:MBT)

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