GMT Capital Corp Has $132.76 Million Holdings in Kyndryl Holdings, Inc. $KD

GMT Capital Corp cut its position in Kyndryl Holdings, Inc. (NYSE:KD) by 14.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,164,060 shares of the company’s stock after selling 527,800 shares during the period. Kyndryl makes up about 5.6% of GMT Capital Corp’s investment portfolio, making the stock its 4th largest holding. GMT Capital Corp’s holdings in Kyndryl were worth $132,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Kyndryl during the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. boosted its stake in Kyndryl by 135.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock valued at $28,000 after purchasing an additional 384 shares during the last quarter. Compass Financial Services Inc bought a new stake in shares of Kyndryl in the 1st quarter worth $30,000. Virtus Advisers LLC bought a new stake in shares of Kyndryl in the 1st quarter worth $31,000. Finally, Assetmark Inc. raised its stake in shares of Kyndryl by 75.3% in the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 6,641 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $26.69, for a total value of $177,248.29. Following the transaction, the senior vice president directly owned 59,708 shares in the company, valued at approximately $1,593,606.52. This trade represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Kyndryl Trading Down 1.1%

Shares of NYSE:KD opened at $26.88 on Friday. The stock’s 50-day simple moving average is $26.94 and its two-hundred day simple moving average is $32.74. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 15.91 and a beta of 1.85. Kyndryl Holdings, Inc. has a 52-week low of $23.28 and a 52-week high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02.

Kyndryl (NYSE:KD) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.84 billion. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. Analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Susquehanna set a $35.00 target price on shares of Kyndryl in a research note on Thursday, November 6th. Guggenheim upgraded shares of Kyndryl to a “strong-buy” rating in a research note on Wednesday, November 26th. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Morgan Stanley began coverage on shares of Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

About Kyndryl

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.