Courier Capital LLC Trims Holdings in KORE Group Holdings, Inc. (NYSE:KORE)

Courier Capital LLC trimmed its position in KORE Group Holdings, Inc. (NYSE:KORE) by 80.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,430 shares of the company’s stock after selling 137,719 shares during the period. Courier Capital LLC’s holdings in KORE Group were worth $78,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC increased its stake in shares of KORE Group by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 94,200 shares of the company’s stock valued at $40,000 after acquiring an additional 6,300 shares during the last quarter. 57.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TD Cowen downgraded shares of KORE Group from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research note on Friday, August 23rd.

KORE Group Stock Up 5.2 %

KORE opened at $2.19 on Friday. The firm has a 50 day moving average price of $2.25 and a 200 day moving average price of $2.78. The company has a market cap of $36.42 million, a PE ratio of -0.23 and a beta of 2.47. KORE Group Holdings, Inc. has a 1 year low of $1.30 and a 1 year high of $6.45. The company has a debt-to-equity ratio of 13.25, a quick ratio of 1.24 and a current ratio of 1.36.

KORE Group (NYSE:KORE) last posted its earnings results on Thursday, August 15th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.31). The business had revenue of $67.87 million for the quarter, compared to analyst estimates of $73.37 million. KORE Group had a negative return on equity of 389.39% and a negative net margin of 74.03%. Sell-side analysts expect that KORE Group Holdings, Inc. will post -5.64 earnings per share for the current year.

KORE Group Profile

KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.