Clearline Capital LP Reduces Stake in Kyivstar Group $KYIV

Clearline Capital LP lowered its position in Kyivstar Group (NASDAQ:KYIV) by 78.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,129 shares of the company’s stock after selling 522,848 shares during the period. Clearline Capital LP owned approximately 0.06% of Kyivstar Group worth $1,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in Kyivstar Group in the fourth quarter valued at approximately $249,000. Cantor Fitzgerald L. P. purchased a new stake in Kyivstar Group in the third quarter valued at approximately $250,000. SG Americas Securities LLC purchased a new stake in Kyivstar Group in the fourth quarter valued at approximately $279,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Kyivstar Group in the fourth quarter valued at approximately $312,000. Finally, HRT Financial LP boosted its position 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 buying an additional 3,853 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KYIV shares. Morgan Stanley started coverage on Kyivstar Group in a research report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 target price on the stock. Barclays started coverage on Kyivstar Group in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 target price on the stock. Benchmark initiated coverage on Kyivstar Group in a research report on Friday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a report on Monday. Finally, Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

Kyivstar Group Trading Down 0.6%

Shares of NASDAQ:KYIV opened at $13.90 on Thursday. Kyivstar Group has a 12-month low of $9.29 and a 12-month high of $16.48. The firm has a market capitalization of $3.21 billion and a P/E ratio of 12.99. The firm has a 50 day moving average of $12.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.16.

Kyivstar Group (NASDAQ:KYIV) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $323.00 million during the quarter. Equities research analysts predict that Kyivstar Group will post 1.43 earnings per share for the current fiscal year.

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.