UBS Group AG Buys 164,113 Shares of Kyivstar Group $KYIV

UBS Group AG boosted its stake in Kyivstar Group (NASDAQ:KYIV) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 751,322 shares of the company’s stock after purchasing an additional 164,113 shares during the period. UBS Group AG owned about 0.33% of Kyivstar Group worth $9,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. acquired a new position in Kyivstar Group in the 3rd quarter valued at approximately $3,105,000. SG Americas Securities LLC acquired a new position in Kyivstar Group in the 4th quarter valued at approximately $279,000. Finally, Cantor Fitzgerald L. P. acquired a new position in Kyivstar Group in the 3rd quarter valued at approximately $250,000.

Kyivstar Group Stock Down 3.1%

KYIV opened at $13.29 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.39. The firm has a market capitalization of $3.07 billion and a PE ratio of 18.99. The business’s fifty day moving average price is $11.48. Kyivstar Group has a twelve month low of $9.29 and a twelve month high of $16.48.

Kyivstar Group (NASDAQ:KYIV) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $323.00 million during the quarter. Sell-side analysts anticipate that Kyivstar Group will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays assumed coverage on shares of Kyivstar Group in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price target for the company. Weiss Ratings upgraded shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Benchmark assumed coverage on shares of Kyivstar Group in a research report on Friday, March 27th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Wall Street Zen cut shares of Kyivstar Group from a “buy” rating to a “hold” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

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.