ING Groep NV Has $1,206,000 Position in Mobile TeleSystems OAO (MBT)
ING Groep NV increased its stake in shares of Mobile TeleSystems OAO (NYSE:MBT) by 92.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 145,813 shares of the company’s stock after buying an additional 70,000 shares during the period. ING Groep NV’s holdings in Mobile TeleSystems OAO were worth $1,206,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in shares of Mobile TeleSystems OAO by 25.3% in the second quarter. Alps Advisors Inc. now owns 36,413 shares of the company’s stock worth $301,000 after buying an additional 7,350 shares during the period. Strs Ohio boosted its stake in shares of Mobile TeleSystems OAO by 1.4% in the second quarter. Strs Ohio now owns 631,991 shares of the company’s stock worth $5,232,000 after buying an additional 9,000 shares during the period. Bank of Montreal Can acquired a new stake in shares of Mobile TeleSystems OAO during the second quarter worth approximately $8,481,000. Rothschild Investment Corp IL boosted its stake in shares of Mobile TeleSystems OAO by 55.3% in the second quarter. Rothschild Investment Corp IL now owns 16,401 shares of the company’s stock worth $136,000 after buying an additional 5,841 shares during the period. Finally, CIBC World Markets Inc. boosted its stake in shares of Mobile TeleSystems OAO by 33.9% in the second quarter. CIBC World Markets Inc. now owns 25,471 shares of the company’s stock worth $211,000 after buying an additional 6,446 shares during the period. Institutional investors and hedge funds own 29.73% of the company’s stock.
Shares of Mobile TeleSystems OAO (NYSE:MBT) traded up 1.28% during trading on Thursday, reaching $7.93. The company’s stock had a trading volume of 2,259,414 shares. The firm’s 50-day moving average is $8.03 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 stock has a market capitalization of $7.89 billion, a PE ratio of 5.43 and a beta of 1.20.
The business also recently declared a dividend, which will be paid on Monday, November 21st. Investors of record on Friday, October 14th will be given a dividend of $0.3837 per share. This is a boost from Mobile TeleSystems OAO’s previous dividend of $0.32. The ex-dividend date is Wednesday, October 12th. Mobile TeleSystems OAO’s dividend payout ratio (DPR) is currently 70.59%.
A number of brokerages have recently commented on MBT. HSBC cut shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Zacks Investment Research raised Mobile TeleSystems OAO from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Credit Suisse Group AG initiated coverage on Mobile TeleSystems OAO in a research report on Monday, June 20th. They issued an “outperform” rating and a $10.00 price target for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Mobile TeleSystems OAO currently has an average rating of “Hold” and a consensus price target of $9.69.
About Mobile TeleSystems OAO
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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