Kyivstar Group $KYIV Shares Sold by CenterBook Partners LP

CenterBook Partners LP lessened its stake in shares of Kyivstar Group (NASDAQ:KYIV) by 83.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,493 shares of the company’s stock after selling 721,076 shares during the quarter. CenterBook Partners LP owned about 0.06% of Kyivstar Group worth $1,811,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Polar Asset Management Partners Inc. purchased a new position in Kyivstar Group during the 3rd quarter worth $3,105,000. UBS Group AG increased its stake in shares of Kyivstar Group by 27.9% during the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after acquiring an additional 164,113 shares during the period. SG Americas Securities LLC purchased a new position in Kyivstar Group during the fourth quarter worth about $279,000. Cantor Fitzgerald L. P. purchased a new position in Kyivstar Group during the third quarter worth about $250,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Kyivstar Group in the fourth quarter valued at about $249,000.

Kyivstar Group Stock Performance

KYIV opened at $13.61 on Wednesday. The business’s fifty day moving average price is $12.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $3.14 billion and a P/E ratio of 12.72. Kyivstar Group has a one year low of $9.29 and a one year high of $16.48.

Kyivstar Group (NASDAQ:KYIV) last announced its quarterly 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 firm had revenue of $323.00 million during the quarter. On average, analysts predict that Kyivstar Group will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KYIV. 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 initiated coverage on Kyivstar Group in a report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 target price for the company. 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 on the stock. Wall Street Zen cut shares of Kyivstar Group from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Benchmark initiated coverage on shares of Kyivstar Group in a research note on Friday, March 27th. They issued a “buy” rating and a $20.00 price objective for the company. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.63.

Kyivstar Group 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.