Renaissance Technologies LLC Takes $820,000 Position in Kyivstar Group $KYIV

Renaissance Technologies LLC bought a new position in Kyivstar Group (NASDAQ:KYIV) during the first quarter, Holdings Channel reports. The firm bought 81,000 shares of the company’s stock, valued at approximately $820,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KYIV. HRT Financial LP lifted its holdings in Kyivstar Group by 12.0% in the fourth quarter. HRT Financial LP now owns 35,838 shares of the company’s stock valued at $465,000 after acquiring an additional 3,853 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Kyivstar Group in the 4th quarter worth approximately $54,000. Quadrature Capital Ltd acquired a new stake in shares of Kyivstar Group during the 4th quarter worth approximately $133,000. Oppenheimer & Co. Inc. grew its stake in shares of Kyivstar Group by 55.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock worth $569,000 after purchasing an additional 15,587 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Kyivstar Group during the 4th quarter valued at approximately $249,000.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KYIV shares. Benchmark reiterated a “buy” rating on shares of Kyivstar Group in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Monday, June 15th. Morgan Stanley assumed coverage on shares of Kyivstar Group in a report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kyivstar Group in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.62.

Kyivstar Group Stock Up 0.5%

Shares of KYIV opened at $13.24 on Friday. The firm has a market cap of $3.06 billion and a P/E ratio of 20.06. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.55. The stock’s 50 day moving average is $14.23 and its two-hundred day moving average is $12.86. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26.

Kyivstar Group (NASDAQ:KYIV) last announced its earnings results on Friday, July 31st. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Kyivstar Group had a return on equity of 24.71% and a net margin of 12.73%.The business had revenue of $334.66 million for the quarter. Analysts predict that Kyivstar Group will post 1.42 earnings per share for the current fiscal year.

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.