Strs Ohio held its stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) during the second quarter, Holdings Channel reports. The fund owned 390,368 shares of the Wireless communications provider’s stock at the end of the second quarter. Strs Ohio’s holdings in Mobile TeleSystems OJSC were worth $3,271,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Shell Asset Management Co. boosted its stake in shares of Mobile TeleSystems OJSC by 4.4% in the second quarter. Shell Asset Management Co. now owns 135,474 shares of the Wireless communications provider’s stock valued at $1,135,000 after buying an additional 5,700 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new stake in shares of Mobile TeleSystems OJSC during the second quarter valued at $3,905,000. Greenleaf Trust acquired a new stake in shares of Mobile TeleSystems OJSC during the second quarter valued at $115,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Mobile TeleSystems OJSC during the second quarter valued at $150,000. Finally, APG Asset Management N.V. boosted its stake in shares of Mobile TeleSystems OJSC by 2.0% in the second quarter. APG Asset Management N.V. now owns 2,793,100 shares of the Wireless communications provider’s stock valued at $23,406,000 after buying an additional 54,700 shares during the last quarter. 34.95% of the stock is owned by hedge funds and other institutional investors.

Mobile TeleSystems OJSC (MBT) opened at 8.71 on Wednesday. Mobile TeleSystems OJSC has a 1-year low of $7.09 and a 1-year high of $11.59. The company’s 50 day moving average is $8.45 and its 200 day moving average is $9.75. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 5.78 and a beta of 0.94.

The company also recently declared a None dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.412 dividend. The ex-dividend date was Thursday, July 6th. Mobile TeleSystems OJSC’s dividend payout ratio is currently 96.00%.

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Several brokerages have recently weighed in on MBT. J P Morgan Chase & Co raised shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price target for the company in a research report on Wednesday, July 26th. BidaskClub raised shares of Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Tuesday, June 27th. Finally, Morgan Stanley cut shares of Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $12.60 to $9.90 in a research report on Thursday, May 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Mobile TeleSystems OJSC presently has an average rating of “Buy” and a consensus price target of $10.05.

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

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