International Assets Investment Management LLC Raises Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

International Assets Investment Management LLC lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2,035.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,100 shares of the company’s stock after buying an additional 38,222 shares during the quarter. International Assets Investment Management LLC’s holdings in Kyndryl were worth $921,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the business. Mesirow Institutional Investment Management Inc. bought a new position in Kyndryl during the first quarter worth $16,588,000. Great Lakes Advisors LLC acquired a new position in Kyndryl in the second quarter worth approximately $19,996,000. Renaissance Technologies LLC boosted its holdings in shares of Kyndryl by 32.3% in the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after buying an additional 675,800 shares during the period. Millennium Management LLC grew its stake in Kyndryl by 101.1% during the 2nd quarter. Millennium Management LLC now owns 1,011,420 shares of the company’s stock valued at $26,610,000 after acquiring an additional 508,553 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Kyndryl by 392.1% during the second quarter. AQR Capital Management LLC now owns 631,299 shares of the company’s stock worth $16,578,000 after acquiring an additional 503,020 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Price Performance

NYSE KD opened at $23.00 on Tuesday. The firm has a market cap of $5.32 billion, a P/E ratio of -28.05, a price-to-earnings-growth ratio of 5.63 and a beta of 1.63. The stock’s 50-day moving average is $23.59 and its two-hundred day moving average is $24.50. Kyndryl Holdings, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $28.60. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03.

Kyndryl Profile

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.