Mobil’nye Telesistemy PAO (MBT) Position Boosted by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Mobil’nye Telesistemy PAO (NYSE:MBT) by 79.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,785,221 shares of the Wireless communications provider’s stock after buying an additional 791,237 shares during the period. First Trust Advisors LP owned 0.19% of Mobil’nye Telesistemy PAO worth $15,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Xact Kapitalforvaltning AB boosted its stake in Mobil’nye Telesistemy PAO by 15.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 108,400 shares of the Wireless communications provider’s stock valued at $957,000 after purchasing an additional 14,100 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in Mobil’nye Telesistemy PAO during the 2nd quarter valued at $135,000. Unigestion Holding SA purchased a new stake in Mobil’nye Telesistemy PAO during the 2nd quarter valued at $1,255,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Mobil’nye Telesistemy PAO by 41.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 515,628 shares of the Wireless communications provider’s stock valued at $4,553,000 after buying an additional 152,176 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in shares of Mobil’nye Telesistemy PAO by 15.3% during the 2nd quarter. Alps Advisors Inc. now owns 107,106 shares of the Wireless communications provider’s stock valued at $1,091,000 after buying an additional 14,243 shares during the period. Hedge funds and other institutional investors own 32.80% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. ValuEngine raised Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Mobil’nye Telesistemy PAO presently has a consensus rating of “Hold” and a consensus price target of $12.50.

NYSE MBT opened at $8.24 on Friday. The firm has a market cap of $7.79 billion, a PE ratio of 8.41, a PEG ratio of 0.83 and a beta of 1.09. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 3.48. Mobil’nye Telesistemy PAO has a 1-year low of $7.25 and a 1-year high of $12.80.

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

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About Mobil’nye Telesistemy PAO

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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