As Mobile Telesystems Pjsc (MBT) Stock Declined, Shareholder Grantham Mayo Van Otterloo & Co LLC Has Trimmed Position by $5.21 Million

Grantham Mayo Van Otterloo & Co Llc decreased its stake in Mobile Telesystems Pjsc (MBT) by 4.61% based on its latest 2018Q2 regulatory filing with the SEC. Grantham Mayo Van Otterloo & Co Llc sold 651,600 shares as the company’s stock declined 17.18% while stock markets rallied. The institutional investor held 13.47M shares of the telecommunications equipment company at the end of 2018Q2, valued at $118.92 million, down from 14.12M at the end of the previous reported quarter. Grantham Mayo Van Otterloo & Co Llc who had been investing in Mobile Telesystems Pjsc for a number of months, seems to be less bullish one the $6.75B market cap company. The stock decreased 1.22% or $0.09 during the last trading session, reaching $7.31. About 2.29 million shares traded. Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) has declined 28.22% since December 8, 2017 and is downtrending. It has underperformed by 43.84% the S&P500.

Grantham Mayo Van Otterloo & Co Llc, which manages about $14.08 billion US Long portfolio, upped its stake in Adobe Sys Inc (NASDAQ:ADBE) by 28,830 shares to 73,130 shares, valued at $17.83M in 2018Q2, according to the filing. It also increased its holding in Qualcomm Inc (NASDAQ:QCOM) by 4.55 million shares in the quarter, for a total of 4.66 million shares, and has risen its stake in Icon Plc (NASDAQ:ICLR).

More notable recent Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) news were published by: Seekingalpha.com which released: “Mobile TeleSystems: 44% Upside Potential – Seeking Alpha” on July 03, 2018, also Seekingalpha.com with their article: “Mobile TeleSystems -3.2% after earnings – Seeking Alpha” published on November 20, 2018, Seekingalpha.com published: “MBT -2.2% as lawmakers urge sanctioning Russian tycoon – Seeking Alpha” on June 22, 2018. More interesting news about Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) were released by: Streetinsider.com and their article: “Form 6-K MOBILE TELESYSTEMS PJSC For: Nov 09 – StreetInsider.com” published on November 09, 2018 as well as Benzinga.com‘s news article titled: “20 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” with publication date: November 21, 2018.

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