Renaissance Technologies LLC Takes Position in Kyivstar Group $KYIV

Key Points

• Renaissance Technologies acquired 81,000 shares of Kyivstar Group in the first quarter, worth approximately $820,000, while several other institutional investors also initiated or increased positions.
• Kyivstar shares were trading at $13.24, giving the company a market capitalization of about $3.06 billion. The company reported quarterly EPS of $0.33, below the $0.35 analyst consensus, on revenue of $334.66 million.
• Analysts remain generally positive, with a consensus rating of “Moderate Buy” and an average price target of $16.62; current ratings include three Buys and two Holds.

Renaissance Technologies LLC purchased a new position in Kyivstar Group (NASDAQ:KYIV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 81,000 shares of the company's stock, valued at approximately $820,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in Kyivstar Group during the 4th quarter valued at $54,000. Quadrature Capital Ltd purchased a new stake in shares of Kyivstar Group during the 4th quarter worth $133,000. Goldman Sachs Group Inc. bought a new stake in Kyivstar Group during the fourth quarter valued at about $249,000. Gordian Capital Singapore Pte Ltd bought a new stake in Kyivstar Group during the fourth quarter valued at about $312,000. Finally, HRT Financial LP grew its stake 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 purchasing an additional 3,853 shares during the last quarter.

Kyivstar Group Trading Up 0.5%

NASDAQ:KYIV opened at $13.24 on Friday. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.55. The firm has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $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. The company has a market capitalization of $3.06 billion and a P/E ratio of 20.06.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last released its earnings results on Friday, July 31st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $334.66 million during the quarter. Kyivstar Group had a net margin of 12.73% and a return on equity of 24.71%. On average, equities research analysts anticipate that Kyivstar Group will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KYIV. Wall Street Zen upgraded shares of Kyivstar Group from a "hold" rating to a "buy" rating in a report on Monday, June 15th. Benchmark restated a "buy" rating on shares of Kyivstar Group in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kyivstar Group in a report on Wednesday, August 5th. Finally, Morgan Stanley assumed coverage on Kyivstar Group in a research report on Friday, June 5th. They set an "equal weight" rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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