Mobile Telesystems Pjsc (MBT) Shareholder Moon Capital Management LP Has Cut Its Stake by $11.16 Million; Capital Advisors Has Upped At&T (T) Stake by $577,746

February 8, 2018 - By Vivian Park

John W. Moon decreased its stake in Mobile Telesystems Pjsc (MBT) by 50.44% based on its latest 2017Q3 regulatory filing with the SEC. Moon Capital Management Lp sold 1.12 million shares as the company’s stock declined 10.26% while stock markets rallied. The hedge fund run by John W. Moon held 1.10 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $11.46 million, down from 2.21M at the end of the previous reported quarter. Moon Capital Management Lp who had been investing in Mobile Telesystems Pjsc for a number of months, seems to be less bullish one the $11.02B market cap company. The stock decreased 2.97% or $0.35 during the last trading session, reaching $11.42. About 1.50 million shares traded. Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) has risen 4.98% since February 8, 2017 and is uptrending. It has underperformed by 11.72% the S&P500.

Capital Advisors Inc increased its stake in At&T Inc (T) by 4.47% based on its latest 2017Q3 regulatory filing with the SEC. Capital Advisors Inc bought 14,814 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 345,960 shares of the telecommunications equipment company at the end of 2017Q3, valued at $13.55M, up from 331,146 at the end of the previous reported quarter. Capital Advisors Inc who had been investing in At&T Inc for a number of months, seems to be bullish on the $223.18B market cap company. The stock decreased 1.56% or $0.58 during the last trading session, reaching $36.35. About 12.30 million shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 8, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.




Moon Capital Management Lp, which manages about $2.17 billion and $369.63M US Long portfolio, upped its stake in Adient Plc by 5,409 shares to 86,936 shares, valued at $7.30 million in 2017Q3, according to the filing. It also increased its holding in Bed Bath & Beyond Inc (NASDAQ:BBBY) by 89,397 shares in the quarter, for a total of 269,238 shares, and has risen its stake in Veon Ltd.

Among 10 analysts covering Mobile TeleSystems (NYSE:MBT), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Mobile TeleSystems had 20 analyst reports since August 19, 2015 according to SRatingsIntel. JP Morgan upgraded the shares of MBT in report on Wednesday, July 26 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, September 12 by Deutsche Bank. The stock has “Equal Weight” rating by Morgan Stanley on Friday, May 5. The company was upgraded on Thursday, January 14 by Deutsche Bank. Citigroup downgraded it to “Neutral” rating and $8 target in Thursday, March 10 report. Citigroup upgraded the shares of MBT in report on Monday, November 21 to “Buy” rating. The firm has “Hold” rating by HSBC given on Thursday, September 1. On Friday, April 7 the stock rating was downgraded by Standpoint Research to “Hold”. The stock has “Overweight” rating by Morgan Stanley on Monday, January 22. The stock has “Hold” rating by Deutsche Bank on Wednesday, December 6.

Capital Advisors Inc, which manages about $1.63B US Long portfolio, decreased its stake in Bp Plc (NYSE:BP) by 30,682 shares to 531,327 shares, valued at $20.42 million in 2017Q3, according to the filing. It also reduced its holding in Duke Energy Corp New (NYSE:DUK) by 3,983 shares in the quarter, leaving it with 150,873 shares, and cut its stake in Powershares Etf Tr Ii (VRP).

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