Sona Asset Management US LLC Sells 421,709 Shares of Kyivstar Group $KYIV

Sona Asset Management US LLC lowered its holdings in shares of Kyivstar Group (NASDAQ:KYIV) by 7.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,549,679 shares of the company’s stock after selling 421,709 shares during the period. Kyivstar Group comprises approximately 1.2% of Sona Asset Management US LLC’s portfolio, making the stock its 17th biggest holding. Sona Asset Management US LLC’s holdings in Kyivstar Group were worth $56,163,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in Kyivstar Group during the 4th quarter valued at approximately $54,000. Rangeley Capital LLC purchased a new position in Kyivstar Group in the 1st quarter worth approximately $101,000. Quadrature Capital Ltd bought a new position in Kyivstar Group in the 4th quarter worth approximately $133,000. Goldman Sachs Group Inc. bought a new position in Kyivstar Group in the 4th quarter worth approximately $249,000. Finally, SG Americas Securities LLC purchased a new stake in Kyivstar Group during the 4th quarter valued at approximately $279,000.

Kyivstar Group Price Performance

Shares of Kyivstar Group stock opened at $13.40 on Monday. The stock has a 50 day moving average of $14.43 and a 200 day moving average of $12.76. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.55. The firm has a market cap of $3.09 billion and a PE ratio of 12.52. 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 quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million for the quarter. On average, research analysts expect that Kyivstar Group will post 1.43 EPS for the current fiscal year.

Analyst Ratings Changes

KYIV has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Barclays initiated coverage on shares of Kyivstar Group in a research report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price for the company. Morgan Stanley began coverage on shares of 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, Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kyivstar Group presently has an average rating of “Moderate Buy” and an average target price of $16.62.

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.