Connor Clark & Lunn Investment Management Ltd. Has $19.28 Million Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 166.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 839,178 shares of the company's stock after purchasing an additional 524,168 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.36% of Kyndryl worth $19,284,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KD. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company's stock worth $44,000 after purchasing an additional 422 shares during the period. Simplicity Wealth LLC boosted its holdings in shares of Kyndryl by 3.0% during the second quarter. Simplicity Wealth LLC now owns 15,745 shares of the company's stock worth $414,000 after purchasing an additional 454 shares during the period. UMB Bank n.a. boosted its holdings in shares of Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock worth $35,000 after purchasing an additional 462 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Kyndryl by 15.2% during the third quarter. Trust Co. of Vermont now owns 3,513 shares of the company's stock worth $81,000 after purchasing an additional 464 shares during the period. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Kyndryl by 1.4% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company's stock worth $828,000 after purchasing an additional 480 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Up 8.0 %

Shares of KD stock traded up $2.27 during trading on Thursday, hitting $30.80. 1,005,914 shares of the company were exchanged, compared to its average volume of 1,699,501. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of -78.43, a P/E/G ratio of 6.76 and a beta of 1.63. The business's 50-day simple moving average is $24.48 and its 200 day simple moving average is $25.06. Kyndryl Holdings, Inc. has a twelve month low of $17.64 and a twelve month high of $30.95.

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.