Teacher Retirement System of Texas increased its holdings in Mobile TeleSystems OJSC (NYSE:MBT) by 89.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 965,158 shares of the Wireless communications provider’s stock after acquiring an additional 455,005 shares during the period. Teacher Retirement System of Texas owned about 0.10% of Mobile TeleSystems OJSC worth $10,076,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new stake in Mobile TeleSystems OJSC in the 2nd quarter worth about $103,000. Sciencast Management LP purchased a new stake in Mobile TeleSystems OJSC in the 2nd quarter worth about $103,000. Greenleaf Trust purchased a new stake in Mobile TeleSystems OJSC in the 2nd quarter worth about $115,000. Lapides Asset Management LLC lifted its stake in Mobile TeleSystems OJSC by 25.7% in the 2nd quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock worth $119,000 after acquiring an additional 2,900 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Mobile TeleSystems OJSC by 23.5% in the 2nd quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock worth $126,000 after acquiring an additional 2,852 shares in the last quarter. 32.25% of the stock is owned by hedge funds and other institutional investors.

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Mobile TeleSystems OJSC (NYSE MBT) opened at $10.57 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.07 and a quick ratio of 1.00. Mobile TeleSystems OJSC has a 52-week low of $7.19 and a 52-week high of $11.59. The firm has a market capitalization of $9,400.00, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95.

Mobile TeleSystems OJSC (NYSE:MBT) last issued its earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 42.21% and a net margin of 13.61%. The company had revenue of $1.87 billion for the quarter. sell-side analysts anticipate that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. Deutsche Bank AG assumed coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $12.50 price objective for the company. Zacks Investment Research raised Mobile TeleSystems OJSC from a “sell” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, October 25th. ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 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 on the stock in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.23.

Mobile TeleSystems OJSC Profile

Mobil’nye Telesistemy PAO is a Russia-based 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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