OxFORD Asset Management LLP lowered its holdings in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 42.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,490 shares of the Wireless communications provider’s stock after selling 139,294 shares during the quarter. OxFORD Asset Management LLP’s holdings in Mobile TeleSystems OJSC were worth $1,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Mobile TeleSystems OJSC by 13.1% in the 2nd quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock worth $230,672,000 after acquiring an additional 3,184,940 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Mobile TeleSystems OJSC by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 16,872,024 shares of the Wireless communications provider’s stock worth $141,388,000 after acquiring an additional 918,218 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mobile TeleSystems OJSC by 19.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock worth $99,861,000 after acquiring an additional 1,554,205 shares during the last quarter. State Street Corp lifted its holdings in shares of Mobile TeleSystems OJSC by 21.6% in the 2nd quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock worth $76,488,000 after acquiring an additional 1,622,200 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Mobile TeleSystems OJSC by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,015,813 shares of the Wireless communications provider’s stock worth $94,125,000 after acquiring an additional 114,812 shares during the last quarter. Institutional investors and hedge funds own 32.22% of the company’s stock.

Several equities research analysts have recently issued reports on MBT shares. TheStreet upgraded shares of Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a report on Friday, November 17th. Deutsche Bank initiated coverage on shares of Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They issued a “buy” rating and a $12.50 target price for the company. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Mobile TeleSystems OJSC from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $10.85.

Shares of Mobile TeleSystems OJSC (MBT) traded up $0.24 on Friday, reaching $9.34. 3,788,200 shares of the company were exchanged, compared to its average volume of 3,016,917. Mobile TeleSystems OJSC has a one year low of $7.76 and a one year high of $11.59. The company has a market cap of $9,054.09, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.89.

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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.

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

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