World Asset Management Inc cut its position in Mobile TeleSystems OJSC (NYSE:MBT) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,848 shares of the Wireless communications provider’s stock after selling 3,687 shares during the period. World Asset Management Inc’s holdings in Mobile TeleSystems OJSC were worth $493,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in Mobile TeleSystems OJSC by 7,751.0% in the first quarter. BlackRock Inc. now owns 24,341,794 shares of the Wireless communications provider’s stock worth $268,492,000 after buying an additional 24,031,747 shares during the last quarter. Renaissance Technologies LLC raised its stake in Mobile TeleSystems OJSC by 40.5% in the first quarter. Renaissance Technologies LLC now owns 14,961,950 shares of the Wireless communications provider’s stock worth $165,030,000 after buying an additional 4,311,200 shares during the last quarter. Schroder Investment Management Group raised its stake in Mobile TeleSystems OJSC by 31.2% in the first quarter. Schroder Investment Management Group now owns 15,811,040 shares of the Wireless communications provider’s stock worth $175,029,000 after buying an additional 3,761,280 shares during the last quarter. Lazard Asset Management LLC raised its stake in Mobile TeleSystems OJSC by 5.7% in the first quarter. Lazard Asset Management LLC now owns 58,473,906 shares of the Wireless communications provider’s stock worth $644,967,000 after buying an additional 3,174,895 shares during the last quarter. Finally, Investec Asset Management LTD acquired a new stake in Mobile TeleSystems OJSC during the first quarter worth approximately $26,985,000. 34.95% of the stock is owned by institutional investors and hedge funds.

Mobile TeleSystems OJSC (NYSE MBT) opened at 8.43 on Friday. The stock has a market capitalization of $8.34 billion, a P/E ratio of 5.60 and a beta of 0.94. Mobile TeleSystems OJSC has a 1-year low of $7.09 and a 1-year high of $11.59. The stock has a 50 day moving average price of $8.43 and a 200-day moving average price of $9.70.

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

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MBT has been the subject of a number of research analyst reports. Zacks Investment Research raised Mobile TeleSystems OJSC from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a report on Wednesday, April 19th. Morgan Stanley lowered Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $12.60 to $9.90 in a report on Thursday, May 4th. BidaskClub lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, J P Morgan Chase & Co raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price for the company in a report on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price 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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