ETF Managers Group LLC Has $188,000 Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Posted by on Jul 2nd, 2023

ETF Managers Group LLC trimmed its position in Kyndryl Holdings, Inc. (NYSE:KD – Free Report) by 14.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,712 shares of the company’s stock after selling 2,189 shares during the quarter. ETF Managers Group LLC’s holdings in Kyndryl were worth $188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Kyndryl by 55.9% in the fourth quarter. Parallel Advisors LLC now owns 2,500 shares of the company’s stock worth $28,000 after buying an additional 896 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Kyndryl in the fourth quarter worth approximately $40,000. AdvisorNet Financial Inc lifted its position in shares of Kyndryl by 67.9% in the fourth quarter. AdvisorNet Financial Inc now owns 4,639 shares of the company’s stock worth $52,000 after purchasing an additional 1,876 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Kyndryl by 218.8% in the fourth quarter. Ronald Blue Trust Inc. now owns 6,270 shares of the company’s stock worth $52,000 after purchasing an additional 4,303 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Kyndryl in the first quarter worth approximately $61,000. 63.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KD. Susquehanna reduced their price target on shares of Kyndryl from $17.00 to $14.00 in a research report on Thursday, May 18th. Scotiabank began coverage on shares of Kyndryl in a research report on Thursday, April 20th. They issued a “sector outperform” rating and a $22.00 price target for the company.

Kyndryl Price Performance

Shares of KD opened at $13.28 on Friday. The firm has a market cap of $3.03 billion, a PE ratio of -2.19 and a beta of 1.53. The firm’s 50 day moving average price is $13.21 and its 200 day moving average price is $13.58. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.02 and a current ratio of 1.02. Kyndryl Holdings, Inc. has a twelve month low of $7.93 and a twelve month high of $17.21.

Kyndryl (NYSE:KD – Free Report) last issued its quarterly earnings data on Tuesday, May 16th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($1.23) by $1.02. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.13 billion. Kyndryl had a negative net margin of 8.07% and a negative return on equity of 27.55%. As a group, research analysts expect that Kyndryl Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Kyndryl Company Profile

(Free Report)

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.

See Also

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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