SBI Securities Co. Ltd. Has $10.37 Million Stock Holdings in Kyivstar Group $KYIV

SBI Securities Co. Ltd. cut its holdings in shares of Kyivstar Group (NASDAQ:KYIV) by 31.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 798,693 shares of the company’s stock after selling 360,300 shares during the period. SBI Securities Co. Ltd.’s holdings in Kyivstar Group were worth $10,367,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KYIV. Polar Asset Management Partners Inc. acquired a new stake in Kyivstar Group during the 3rd quarter worth approximately $3,105,000. UBS Group AG increased its stake in shares of Kyivstar Group by 27.9% in the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock valued at $9,752,000 after buying an additional 164,113 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Kyivstar Group in the fourth quarter valued at about $279,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Kyivstar Group in the third quarter valued at about $250,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Kyivstar Group by 55.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock valued at $569,000 after buying an additional 15,587 shares during the period.

Wall Street Analyst Weigh In

KYIV has been the subject of several recent research reports. Barclays initiated coverage on Kyivstar Group in a research note on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price target for the company. Wall Street Zen cut Kyivstar Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings initiated coverage on Kyivstar Group in a research note on Tuesday, March 17th. They issued a “hold (c)” rating for the company. Finally, Benchmark initiated coverage on Kyivstar Group in a research note on Friday, March 27th. They issued a “buy” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Kyivstar Group Price Performance

NASDAQ KYIV opened at $12.47 on Wednesday. The business’s 50 day simple moving average is $11.23. Kyivstar Group has a one year low of $9.29 and a one year high of $16.48. The firm has a market capitalization of $2.88 billion and a PE ratio of 17.81. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.22.

Kyivstar Group (NASDAQ:KYIV) last released its earnings results on Friday, March 13th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. The business had revenue of $321.00 million for the quarter, compared to analyst estimates of $302.65 million. Equities analysts expect that Kyivstar Group will post 1.38 earnings per share for the current year.

Kyivstar Group Company Profile

Kyivstar Group (NASDAQ:KYIV) is a leading Ukrainian telecommunications operator that provides a broad range of consumer and business communications services. The company operates one of Ukraine’s largest mobile networks and offers voice, messaging and mobile broadband services over 3G and 4G/LTE technologies. In addition to mobile services, Kyivstar supplies fixed-line broadband and home internet access, serving residential customers with connectivity and related value‑added services.

For enterprise and public sector customers, Kyivstar delivers a portfolio of business solutions that includes fixed and mobile data plans, machine‑to‑machine (M2M) and Internet of Things (IoT) connectivity, and ICT services intended to support digital transformation.