Neuberger Berman Group LLC Raises Holdings in Mobile TeleSystems OJSC (MBT)

Neuberger Berman Group LLC grew its holdings in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 11.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 756,645 shares of the Wireless communications provider’s stock after purchasing an additional 80,457 shares during the quarter. Neuberger Berman Group LLC owned about 0.08% of Mobile TeleSystems OJSC worth $6,341,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MBT. BlackRock Inc. boosted its position in Mobile TeleSystems OJSC by 7,751.0% during the first quarter. BlackRock Inc. now owns 24,341,794 shares of the Wireless communications provider’s stock worth $268,492,000 after purchasing an additional 24,031,747 shares during the period. Renaissance Technologies LLC boosted its position in Mobile TeleSystems OJSC by 40.5% during the first quarter. Renaissance Technologies LLC now owns 14,961,950 shares of the Wireless communications provider’s stock worth $165,030,000 after purchasing an additional 4,311,200 shares during the period. Schroder Investment Management Group boosted its position in Mobile TeleSystems OJSC by 31.2% during the first quarter. Schroder Investment Management Group now owns 15,811,040 shares of the Wireless communications provider’s stock worth $175,029,000 after purchasing an additional 3,761,280 shares during the period. Lazard Asset Management LLC boosted its position in Mobile TeleSystems OJSC by 5.7% during the first quarter. Lazard Asset Management LLC now owns 58,473,906 shares of the Wireless communications provider’s stock worth $644,967,000 after purchasing an additional 3,174,895 shares during the period. Finally, Investec Asset Management LTD bought a new position in Mobile TeleSystems OJSC during the first quarter worth about $26,985,000. Hedge funds and other institutional investors own 32.15% of the company’s stock.

Mobile TeleSystems OJSC (MBT) opened at 10.84 on Tuesday. Mobile TeleSystems OJSC has a 52-week low of $7.09 and a 52-week high of $11.59. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 6.38 and a beta of 0.91. The stock has a 50 day moving average of $9.06 and a 200-day moving average of $9.52.

Mobile TeleSystems OJSC (NYSE:MBT) last announced its quarterly earnings data on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.04. The company had revenue of $1.87 billion during the quarter. Mobile TeleSystems OJSC had a return on equity of 40.25% and a net margin of 12.42%. On average, equities research analysts anticipate that Mobile TeleSystems OJSC will post $0.99 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on MBT shares. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Tuesday, June 27th. J P Morgan Chase & Co upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price for the company in a research report on Wednesday, July 26th. Finally, ValuEngine upgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $10.05.

Mobile TeleSystems OJSC Profile

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.

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

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