Goldman Sachs Group Inc. Has $46.44 Million Stake in Mobile TeleSystems OJSC (MBT)

Goldman Sachs Group Inc. boosted its stake in Mobile TeleSystems OJSC (NYSE:MBT) by 71.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,210,347 shares of the Wireless communications provider’s stock after buying an additional 1,756,134 shares during the period. Goldman Sachs Group Inc. owned approximately 0.42% of Mobile TeleSystems OJSC worth $46,440,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Mobile TeleSystems OJSC during the first quarter valued at $130,000. M&T Bank Corp bought a new position in shares of Mobile TeleSystems OJSC during the first quarter valued at about $134,000. Symphony Asset Management LLC bought a new position in shares of Mobile TeleSystems OJSC during the first quarter valued at about $165,000. Envestnet Asset Management Inc. raised its position in shares of Mobile TeleSystems OJSC by 39.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,133 shares of the Wireless communications provider’s stock valued at $146,000 after buying an additional 4,585 shares in the last quarter. Finally, Ronald Blue & Co. LLC raised its position in shares of Mobile TeleSystems OJSC by 4.6% in the first quarter. Ronald Blue & Co. LLC now owns 16,872 shares of the Wireless communications provider’s stock valued at $186,000 after buying an additional 738 shares in the last quarter. Institutional investors own 34.89% of the company’s stock.

Mobile TeleSystems OJSC (NYSE:MBT) remained flat at $8.66 during trading on Friday. The stock had a trading volume of 1,753,004 shares. The firm has a market capitalization of $8.57 billion, a P/E ratio of 5.75 and a beta of 0.93. Mobile TeleSystems OJSC has a one year low of $7.09 and a one year high of $11.59. The company has a 50-day moving average of $8.54 and a 200-day moving average of $9.79.

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

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A number of research analysts have weighed in on the stock. J P Morgan Chase & Co raised shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective on the stock in a research note on Wednesday. Zacks Investment Research raised shares of Mobile TeleSystems OJSC from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 19th. BidaskClub raised shares of Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Standpoint Research downgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Finally, Morgan Stanley downgraded shares of Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $12.60 to $9.90 in a report on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target 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.

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

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