Yorkville Advisors Global LP Buys Shares of 54,483 Kyivstar Group $KYIV

Yorkville Advisors Global LP purchased a new stake in Kyivstar Group (NASDAQ:KYIV) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 54,483 shares of the company’s stock, valued at approximately $551,000. Kyivstar Group accounts for approximately 0.3% of Yorkville Advisors Global LP’s holdings, making the stock its 21st largest position.

Several other hedge funds have also made changes to their positions in KYIV. SG Americas Securities LLC purchased a new stake in shares of Kyivstar Group during the 4th quarter valued at approximately $279,000. UBS Group AG grew its position in Kyivstar Group by 27.9% in 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. Oppenheimer & Co. Inc. increased its stake in Kyivstar Group by 55.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock worth $569,000 after acquiring an additional 15,587 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Kyivstar Group during the fourth quarter worth $249,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Kyivstar Group in the fourth quarter valued at $312,000.

Analyst Upgrades and Downgrades

KYIV has been the topic of several recent analyst reports. 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 research report on Friday, June 5th. They set an “equal weight” rating and a $17.00 price objective for the company. Barclays assumed coverage on shares of Kyivstar Group in a report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price objective on the stock. Benchmark started coverage on shares of Kyivstar Group in a research report on Friday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Wall Street Zen raised shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Monday, June 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.62.

Kyivstar Group Stock Performance

Shares of Kyivstar Group stock opened at $13.89 on Thursday. The stock has a market capitalization of $3.21 billion and a price-to-earnings ratio of 12.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50-day moving average of $14.42 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.

Kyivstar Group (NASDAQ:KYIV) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $323.00 million for the quarter. As a group, sell-side analysts forecast that Kyivstar Group will post 1.43 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.