Stock Traders Purchase High Volume of Mobile TeleSystems OJSC Put Options (NYSE:MBT)
Mobile TeleSystems OJSC (NYSE:MBT) saw unusually large options trading activity on Friday. Traders purchased 11,641 put options on the company. This represents an increase of approximately 1,897% compared to the average daily volume of 583 put options.
Institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in Mobile TeleSystems OJSC during the second quarter valued at approximately $7,409,000. Lapides Asset Management LLC increased its stake in Mobile TeleSystems OJSC by 25.7% in the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 2,900 shares during the period. KBC Group NV increased its stake in Mobile TeleSystems OJSC by 104.1% in the second quarter. KBC Group NV now owns 589,295 shares of the Wireless communications provider’s stock valued at $4,938,000 after buying an additional 300,504 shares during the period. BNP Paribas Arbitrage SA increased its stake in Mobile TeleSystems OJSC by 54.5% in the second quarter. BNP Paribas Arbitrage SA now owns 635,715 shares of the Wireless communications provider’s stock valued at $5,327,000 after buying an additional 224,272 shares during the period. Finally, BARING ASSET MANAGEMENT Ltd increased its stake in Mobile TeleSystems OJSC by 70.3% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 2,073,503 shares of the Wireless communications provider’s stock valued at $17,377,000 after buying an additional 855,720 shares during the period. 34.95% of the stock is currently owned by institutional investors.
MBT has been the subject of a number of research reports. Morgan Stanley cut shares of Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $12.60 to $9.90 in a research note on Thursday, May 4th. BidaskClub cut shares of Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Tuesday, June 27th. Finally, J P Morgan Chase & Co upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price for the company in a research note on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $10.05.
Mobile TeleSystems OJSC (NYSE MBT) opened at 8.70 on Monday. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 5.78 and a beta of 0.94. The company’s 50-day moving average is $8.49 and its 200-day moving average is $9.78. Mobile TeleSystems OJSC has a 52-week low of $7.09 and a 52-week high of $11.59.
The business also recently declared a None dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a $0.412 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Mobile TeleSystems OJSC’s dividend payout ratio (DPR) is currently 96.00%.
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About Mobile TeleSystems OJSC
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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