Yakira Capital Management Inc. increased its stake in shares of Qiwi PLC (NASDAQ:QIWI) by 18.0% during the 4th quarter, HoldingsChannel reports. The fund owned 72,000 shares of the credit services provider’s stock after purchasing an additional 11,000 shares during the quarter. Yakira Capital Management Inc.’s holdings in Qiwi were worth $1,248,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in Qiwi in the third quarter valued at $245,000. Ameriprise Financial Inc. acquired a new position in Qiwi in the second quarter valued at $260,000. Cubist Systematic Strategies LLC acquired a new position in Qiwi in the third quarter valued at $268,000. Wells Fargo & Company MN increased its stake in Qiwi by 110.5% in the second quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 8,073 shares during the period. Finally, Standard Life Aberdeen plc increased its stake in Qiwi by 24.2% in the fourth quarter. Standard Life Aberdeen plc now owns 28,700 shares of the credit services provider’s stock valued at $497,000 after purchasing an additional 5,600 shares during the period. Hedge funds and other institutional investors own 18.76% of the company’s stock.
Qiwi PLC (NASDAQ:QIWI) opened at $16.87 on Wednesday. Qiwi PLC has a one year low of $13.66 and a one year high of $26.55. The stock has a market cap of $753.91, a PE ratio of 23.43 and a beta of 3.02.
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QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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