California Public Employees Retirement System Lowers Position in Mobil’nye Telesistemy PAO (MBT)

California Public Employees Retirement System cut its holdings in Mobil’nye Telesistemy PAO (NYSE:MBT) by 20.0% in the second quarter, HoldingsChannel.com reports. The fund owned 1,124,466 shares of the Wireless communications provider’s stock after selling 280,780 shares during the quarter. California Public Employees Retirement System’s holdings in Mobil’nye Telesistemy PAO were worth $9,929,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its stake in Mobil’nye Telesistemy PAO by 39.2% in the second quarter. Commonwealth Equity Services LLC now owns 21,442 shares of the Wireless communications provider’s stock worth $189,000 after acquiring an additional 6,037 shares during the period. KBC Group NV lifted its stake in Mobil’nye Telesistemy PAO by 3.1% in the second quarter. KBC Group NV now owns 266,044 shares of the Wireless communications provider’s stock worth $2,349,000 after acquiring an additional 8,023 shares during the period. Pinebridge Investments L.P. lifted its stake in Mobil’nye Telesistemy PAO by 27.5% in the second quarter. Pinebridge Investments L.P. now owns 44,735 shares of the Wireless communications provider’s stock worth $395,000 after acquiring an additional 9,635 shares during the period. Voya Investment Management LLC lifted its stake in Mobil’nye Telesistemy PAO by 18.3% in the second quarter. Voya Investment Management LLC now owns 76,492 shares of the Wireless communications provider’s stock worth $675,000 after acquiring an additional 11,833 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in Mobil’nye Telesistemy PAO in the second quarter worth about $117,000. 32.83% of the stock is owned by institutional investors.

A number of analysts recently weighed in on MBT shares. Zacks Investment Research raised shares of Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine lowered shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research note on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $12.50.

NYSE:MBT opened at $8.24 on Monday. Mobil’nye Telesistemy PAO has a 1-year low of $7.25 and a 1-year high of $12.80. The stock has a market capitalization of $7.98 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 3.48.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its quarterly earnings data on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share for the quarter. Mobil’nye Telesistemy PAO had a net margin of 13.43% and a return on equity of 46.93%. The company had revenue of $1.85 billion during the quarter. Analysts predict that Mobil’nye Telesistemy PAO will post 0.96 earnings per share for the current fiscal year.

Mobil’nye Telesistemy PAO Company Profile

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. It operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. The company offers voice and data transmission; Internet access; pay TV; and various value added services, including big data, Internet of Things, cloud, financial, and e-commerce services through wireless and fixed lines, as well as sells equipment, accessories, and software.

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Institutional Ownership by Quarter for Mobil`nye Telesistemy PAO (NYSE:MBT)

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