Kyivstar Group $KYIV Shares Sold by Clearline Capital LP

Clearline Capital LP trimmed its holdings in shares of Kyivstar Group (NASDAQ:KYIV) by 78.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 146,129 shares of the company’s stock after selling 522,848 shares during the period. Clearline Capital LP’s holdings in Kyivstar Group were worth $1,897,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Pertento Partners LLP acquired a new position in shares of Kyivstar Group during the 4th quarter worth approximately $23,456,000. UBS Group AG raised its stake in shares of Kyivstar Group by 27.9% during the 4th quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after buying an additional 164,113 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of Kyivstar Group during the 3rd quarter worth approximately $3,105,000. Quinn Opportunity Partners LLC raised its stake in shares of Kyivstar Group by 59.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock worth $1,040,000 after buying an additional 29,900 shares during the period. Finally, Maven Securities LTD acquired a new position in shares of Kyivstar Group during the 4th quarter worth approximately $607,000.

Kyivstar Group Stock Performance

Shares of KYIV opened at $13.90 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.16. Kyivstar Group has a one year low of $9.29 and a one year high of $16.48. The stock has a market capitalization of $3.21 billion and a PE ratio of 12.99. The stock’s 50 day moving average price is $12.99.

Kyivstar Group (NASDAQ:KYIV) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million for the quarter. On average, analysts predict that Kyivstar Group will post 1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KYIV. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Monday. Barclays began coverage on Kyivstar Group in a research note on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price for the company. Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Morgan Stanley began coverage on Kyivstar Group in a research note on Friday, June 5th. They set an “equal weight” rating and a $17.00 target price for the company. Finally, Benchmark initiated coverage on Kyivstar Group in a research note on Friday, March 27th. They set a “buy” rating and a $20.00 target price for the company. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kyivstar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

About Kyivstar Group

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.