Polar Asset Management Partners Inc. Sells 163,448 Shares of Kyivstar Group $KYIV

Polar Asset Management Partners Inc. cut its holdings in Kyivstar Group (NASDAQ:KYIV) by 75.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 54,484 shares of the company’s stock after selling 163,448 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Kyivstar Group were worth $551,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. UBS Group AG lifted its stake in 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 in the last quarter. Maven Securities LTD acquired a new position in shares of Kyivstar Group in the fourth quarter valued at approximately $607,000. Yorkville Advisors Global LP bought a new stake in shares of Kyivstar Group during the first quarter worth $551,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Kyivstar Group during the fourth quarter worth $54,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Kyivstar Group during the fourth quarter worth $591,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Monday, June 15th. Barclays started coverage on Kyivstar Group in a report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price target on the stock. Weiss Ratings upgraded Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Morgan Stanley assumed coverage on Kyivstar Group in a report on Friday, June 5th. They set an “equal weight” rating and a $17.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Kyivstar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.62.

Kyivstar Group Stock Performance

Shares of KYIV opened at $13.65 on Tuesday. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.55. The firm has a fifty day simple moving average of $14.43 and a 200 day simple moving average of $12.76. The stock has a market capitalization of $3.15 billion and a price-to-earnings ratio of 12.76. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.22.

Kyivstar Group (NASDAQ:KYIV) last released its earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $323.00 million during the quarter. Research analysts forecast that Kyivstar Group will post 1.43 EPS for the current fiscal 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.