U S Global Investors Inc. Has $289,000 Position in Mobile TeleSystems OJSC (MBT)

U S Global Investors Inc. decreased its stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 35.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,700 shares of the Wireless communications provider’s stock after selling 15,000 shares during the period. U S Global Investors Inc.’s holdings in Mobile TeleSystems OJSC were worth $289,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Financial Counselors Inc. boosted its position in shares of Mobile TeleSystems OJSC by 2.8% during the second quarter. Financial Counselors Inc. now owns 29,193 shares of the Wireless communications provider’s stock valued at $245,000 after buying an additional 804 shares during the last quarter. CIBC World Markets Inc. lifted its holdings in Mobile TeleSystems OJSC by 9.0% during the second quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock worth $174,000 after acquiring an additional 1,707 shares during the period. Profund Advisors LLC lifted its holdings in Mobile TeleSystems OJSC by 11.7% during the second quarter. Profund Advisors LLC now owns 23,360 shares of the Wireless communications provider’s stock worth $196,000 after acquiring an additional 2,440 shares during the period. Advisory Services Network LLC lifted its holdings in Mobile TeleSystems OJSC by 8.2% during the second quarter. Advisory Services Network LLC now owns 32,812 shares of the Wireless communications provider’s stock worth $275,000 after acquiring an additional 2,489 shares during the period. Finally, M&T Bank Corp lifted its holdings in Mobile TeleSystems OJSC by 23.5% during the second 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 during the period. 32.22% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on MBT. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Deutsche Bank began coverage on Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price target on the stock. Finally, TheStreet upgraded Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a report on Friday, November 17th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Mobile TeleSystems OJSC currently has an average rating of “Buy” and a consensus target price of $10.85.

Shares of Mobile TeleSystems OJSC (NYSE MBT) traded down $0.21 on Monday, hitting $8.73. The company’s stock had a trading volume of 3,981,700 shares, compared to its average volume of 3,009,813. The company has a market capitalization of $8,685.96, a price-to-earnings ratio of 8.91, a PEG ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. Mobile TeleSystems OJSC has a 52-week low of $7.76 and a 52-week high of $11.59.

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Mobile TeleSystems OJSC Company 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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