Posted by admin on Jul 16th, 2022

Cwm LLC purchased a new position in Mobile TeleSystems Public Joint Stock (NYSE:MBT – Get Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 9,230 shares of the Wireless communications provider’s stock, valued at approximately $56,000.

Several other hedge funds have also recently modified their holdings of the business. LSV Asset Management lifted its position in shares of Mobile TeleSystems Public Joint Stock by 2.6% in the 4th quarter. LSV Asset Management now owns 9,062,030 shares of the Wireless communications provider’s stock worth $72,043,000 after purchasing an additional 230,500 shares during the period. Van ECK Associates Corp lifted its position in shares of Mobile TeleSystems Public Joint Stock by 1.9% in the 4th quarter. Van ECK Associates Corp now owns 3,913,428 shares of the Wireless communications provider’s stock worth $31,112,000 after purchasing an additional 72,825 shares during the period. First Trust Advisors LP lifted its position in shares of Mobile TeleSystems Public Joint Stock by 18.2% in the 4th quarter. First Trust Advisors LP now owns 2,038,637 shares of the Wireless communications provider’s stock worth $16,207,000 after purchasing an additional 314,454 shares during the period. Credit Suisse AG lifted its position in shares of Mobile TeleSystems Public Joint Stock by 32.7% in the 4th quarter. Credit Suisse AG now owns 1,802,826 shares of the Wireless communications provider’s stock worth $14,333,000 after purchasing an additional 444,312 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Mobile TeleSystems Public Joint Stock by 25.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,428,110 shares of the Wireless communications provider’s stock worth $11,354,000 after purchasing an additional 287,518 shares during the period. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Separately, StockNews.com initiated coverage on shares of Mobile TeleSystems Public Joint Stock in a research report on Thursday, May 12th. They set a “strong-buy” rating for the company.

NYSE:MBT opened at $5.50 on Friday. Mobile TeleSystems Public Joint Stock has a 52 week low of $5.34 and a 52 week high of $10.07. The firm has a 50 day moving average of $5.50 and a 200 day moving average of $6.10. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 16.71. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 6.79 and a beta of 0.96.

Mobile TeleSystems Public Joint Stock (NYSE:MBT – Get Rating) last posted its earnings results on Wednesday, May 18th. The Wireless communications provider reported $0.08 EPS for the quarter. The company had revenue of $1.57 billion during the quarter. Mobile TeleSystems Public Joint Stock had a net margin of 9.62% and a return on equity of 469.07%.

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

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