Jane Street Group LLC Has $306,000 Stake in Mobile TeleSystems OJSC (MBT)

Jane Street Group LLC raised its stake in Mobile TeleSystems OJSC (NYSE:MBT) by 175.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,304 shares of the Wireless communications provider’s stock after acquiring an additional 18,656 shares during the quarter. Jane Street Group LLC’s holdings in Mobile TeleSystems OJSC were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in Mobile TeleSystems OJSC by 9.0% in the second quarter. Great West Life Assurance Co. Can now owns 237,350 shares of the Wireless communications provider’s stock valued at $1,987,000 after purchasing an additional 19,500 shares during the last quarter. First Trust Advisors LP increased its stake in Mobile TeleSystems OJSC by 5.0% in the second quarter. First Trust Advisors LP now owns 93,841 shares of the Wireless communications provider’s stock valued at $786,000 after purchasing an additional 4,446 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Mobile TeleSystems OJSC by 20.6% in the second quarter. Advisors Asset Management Inc. now owns 98,112 shares of the Wireless communications provider’s stock valued at $822,000 after purchasing an additional 16,738 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Mobile TeleSystems OJSC by 28.5% in the second quarter. Bank of New York Mellon Corp now owns 4,229,988 shares of the Wireless communications provider’s stock valued at $35,447,000 after purchasing an additional 937,432 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Mobile TeleSystems OJSC by 12.7% in the second quarter. Legal & General Group Plc now owns 702,863 shares of the Wireless communications provider’s stock valued at $5,890,000 after purchasing an additional 79,182 shares during the last quarter. 32.06% of the stock is owned by institutional investors.

Shares of Mobile TeleSystems OJSC (MBT) opened at $9.70 on Thursday. Mobile TeleSystems OJSC has a 1 year low of $7.76 and a 1 year high of $11.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. The stock has a market capitalization of $9,551.57, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Several research firms recently commented on MBT. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Deutsche Bank began coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $12.50 target price for the company. Finally, TheStreet upgraded Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Mobile TeleSystems OJSC presently has a consensus rating of “Buy” and an average target price of $10.85.

COPYRIGHT VIOLATION NOTICE: “Jane Street Group LLC Has $306,000 Stake in Mobile TeleSystems OJSC (MBT)” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://sportsperspectives.com/2017/12/21/jane-street-group-llc-has-306000-stake-in-mobile-telesystems-ojsc-mbt.html.

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)

Receive News & Ratings for Mobile TeleSystems OJSC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile TeleSystems OJSC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply