Should Mobil’nye Telesistemy PAO (ADR) (MBT) Be Included in Your Portfolio?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that got rid of their entire stakes in the stock during the third quarter. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital got rid of the biggest stake of the 700 funds watched by Insider Monkey, totaling close to $23.9 million in stock, and Anand Parekh’s Alyeska Investment Group was right behind this move, as the fund said goodbye to about $1.2 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Mobile TeleSystems OJSC (ADR) (NYSE:MBT). These stocks are The AES Corporation (NYSE:AES), Synopsys, Inc. (NASDAQ:SNPS), Harley-Davidson, Inc. (NYSE:HOG), and Regency Centers Corp (NYSE:REG). This group of stocks’ market values match MBT’s market value.

As you can see these stocks had an average of 20 funds with bullish positions and the average amount invested in these stocks was $303 million. That figure was $183 million in MBT’s case. Harley-Davidson, Inc. (NYSE:HOG) is the most popular stock in this table, while Regency Centers Corp (NYSE:REG) is the least popular one with only 11 investors holding shares. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Harley-Davidson, Inc. (NYSE:HOG) might be a better candidate to consider taking a long position in.

Disclosure: none