Sumitomo Mitsui Trust Holdings Inc. Reduces Position in Mobile TeleSystems Public Joint Stock (NYSE:MBT)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Mobile TeleSystems Public Joint Stock (NYSE:MBT) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,089,465 shares of the Wireless communications provider’s stock after selling 38,830 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Mobile TeleSystems Public Joint Stock were worth $9,086,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Reby Advisors LLC bought a new stake in Mobile TeleSystems Public Joint Stock in the fourth quarter valued at about $45,000. Cambridge Investment Research Advisors Inc. bought a new stake in Mobile TeleSystems Public Joint Stock in the fourth quarter valued at about $99,000. CI Investments Inc. increased its holdings in Mobile TeleSystems Public Joint Stock by 14.3% in the fourth quarter. CI Investments Inc. now owns 12,383 shares of the Wireless communications provider’s stock valued at $111,000 after buying an additional 1,547 shares during the last quarter. Rhumbline Advisers increased its holdings in Mobile TeleSystems Public Joint Stock by 31.4% in the fourth quarter. Rhumbline Advisers now owns 13,690 shares of the Wireless communications provider’s stock valued at $123,000 after buying an additional 3,270 shares during the last quarter. Finally, FIL Ltd bought a new stake in Mobile TeleSystems Public Joint Stock in the fourth quarter valued at about $129,000.

Shares of MBT stock opened at $8.89 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 17.43. The business has a 50 day moving average of $8.41 and a two-hundred day moving average of $8.62. Mobile TeleSystems Public Joint Stock has a 52 week low of $7.72 and a 52 week high of $9.81. The company has a market cap of $8.14 billion, a P/E ratio of 10.22, a PEG ratio of 0.90 and a beta of 1.07.

Mobile TeleSystems Public Joint Stock (NYSE:MBT) last issued its earnings results on Thursday, March 4th. The Wireless communications provider reported $0.20 EPS for the quarter. Mobile TeleSystems Public Joint Stock had a return on equity of 142.29% and a net margin of 10.76%. The company had revenue of $1.76 billion during the quarter. Analysts expect that Mobile TeleSystems Public Joint Stock will post 0.85 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Mobile TeleSystems Public Joint Stock from a “sell” rating to a “hold” rating in a report on Wednesday, May 5th.

About Mobile TeleSystems Public Joint Stock

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; financial services; and integration services, as well as sells equipment, accessories, and software.

Further Reading: Dividend Reinvestment Plan (DRIP)

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Institutional Ownership by Quarter for Mobile TeleSystems Public Joint Stock (NYSE:MBT)

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