Yorkville Advisors Global LP Makes New Investment in Kyivstar Group $KYIV

Yorkville Advisors Global LP acquired a new position in shares of Kyivstar Group (NASDAQ:KYIV) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 portfolio, making the stock its 21st biggest position.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Kyivstar Group during the 4th quarter worth $54,000. Quadrature Capital Ltd acquired a new stake in Kyivstar Group in the 4th quarter valued at about $133,000. Goldman Sachs Group Inc. acquired a new stake in Kyivstar Group in the 4th quarter valued at about $249,000. SG Americas Securities LLC acquired a new stake in Kyivstar Group in the 4th quarter valued at about $279,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Kyivstar Group in the 4th quarter valued at about $312,000.

Kyivstar Group Stock Down 2.3%

Shares of NASDAQ KYIV opened at $13.89 on Thursday. The company 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 two-hundred day moving average of $12.76. Kyivstar Group has a 1 year low of $9.29 and a 1 year high of $16.55.

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

Analyst Upgrades and Downgrades

KYIV has been the subject of a number of analyst reports. Benchmark initiated coverage on Kyivstar Group in a research report on Friday, March 27th. They set a “buy” rating and a $20.00 price objective for the company. Weiss Ratings raised shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. Morgan Stanley began coverage on shares of Kyivstar Group in a research note on Friday, June 5th. They issued an “equal weight” rating and a $17.00 price target for the company. Barclays initiated coverage on shares of Kyivstar Group in a report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 price target for the company. Finally, Wall Street Zen raised shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.62.

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.