Daiwa Securities Group Inc. acquires 21,709 shares of Mobile TeleSystems Public Joint Stock (NYSE:MBT)


Daiwa Securities Group Inc. increased its stake in Mobile TeleSystems Public Joint Stock (NYSE: MBTGet a rating) by 20.6% during the 1st quarter, according to its last 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,059 shares of the wireless communications provider after acquiring an additional 21,709 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mobile TeleSystems Public Joint Stock were worth $698,000 at the end of last quarter.

Several other hedge funds and other institutional investors have also increased or reduced their stakes in the company. CWM LLC purchased a new position in shares of Mobile TeleSystems Public Joint Stock during Q1 worth $56,000. Pinnacle Wealth Planning Services Inc. purchased a new stock position in Mobile TeleSystems Public Joint Stock during Q1 for $66,000. Caisse DE Dépôt ET Placement DU Québec increased its holdings of Mobile TeleSystems Public Joint Stock by 1.3% during the 4th quarter. Caisse DE Dépôt ET Placement DU Quebec now owns 1,074,986 shares of the wireless communications provider valued at $8,546,000 after purchasing an additional 14,000 shares during the period. Virtus ETF Advisers LLC increased its holdings of Mobile TeleSystems Public Joint Stock by 18.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 199,602 shares of the wireless communications provider valued at $1,587,000 after purchasing an additional 31,091 shares during the period. Finally, Squarepoint Ops LLC increased its equity stake in Mobile TeleSystems Public Joint Stock by 90.4% during the 4th quarter. Squarepoint Ops LLC now owns 372,165 shares of the wireless communications provider valued at $2,959,000 after purchasing an additional 176,651 shares during the period. 20.05% of the shares are held by institutional investors.

Mobile TeleSystems Public Joint Stock Stock Performance

NYSE: MBT opened at $5.50 on Friday. The company has a debt ratio of 16.71, a current ratio of 0.55 and a quick ratio of 0.51. The company has a market capitalization of $5.50 billion, a price-earnings ratio of 6.79 and a beta of 0.96. Mobile TeleSystems Public Joint Stock has a one-year low of $5.34 and a one-year high of $10.07. The company has a fifty-day moving average price of $5.50 and a 200-day moving average price of $5.99.

Mobile TeleSystems Public Joint Stock (NYSE: MBTGet a rating) last released its quarterly earnings data on Wednesday, May 18. The wireless communications provider reported EPS of $0.08 for the quarter. The company had revenue of $1.57 billion in the quarter. Mobile TeleSystems Public Joint Stock achieved a return on equity of 469.07% and a net margin of 9.62%.

A Wall Street analyst gives his opinion

Separately, StockNews.com began covering Mobile TeleSystems Public Joint Stock in a report on Thursday, May 12. They set a “Strong Buy” rating on the stock.

Profile of public shareholders Mobile TeleSystems

(Get a rating)

Mobile TeleSystems Public Joint Stock Company provides telecommunications services primarily in Russia. It offers voice and data transmission, Internet access, broadband, pay-TV and various value-added services via wireless and fixed lines; fintech services; and B2B cloud and digital solutions, as well as the sale of equipment, accessories and software.

Further reading

Want to see which other hedge funds hold MBTs? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobile TeleSystems Public Joint Stock (NYSE: MBTGet a rating).

Institutional ownership by quarter for Mobile TeleSystems Public Joint Stock (NYSE:MBT)



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