Alberta Investment Management Corp Grows Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Alberta Investment Management Corp grew its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 17.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,650,322 shares of the financial services provider's stock after buying an additional 395,000 shares during the period. Alberta Investment Management Corp owned 1.93% of Kennedy-Wilson worth $26,477,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in Kennedy-Wilson by 7.9% during the third quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock worth $179,000 after purchasing an additional 1,182 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Kennedy-Wilson by 13.3% in the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider's stock valued at $159,000 after buying an additional 1,686 shares during the period. KBC Group NV boosted its stake in shares of Kennedy-Wilson by 53.1% in the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock valued at $54,000 after buying an additional 1,693 shares in the last quarter. Van ECK Associates Corp grew its holdings in Kennedy-Wilson by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider's stock worth $215,000 after acquiring an additional 1,995 shares during the period. Finally, abrdn plc raised its position in Kennedy-Wilson by 10.5% in the third quarter. abrdn plc now owns 22,699 shares of the financial services provider's stock worth $251,000 after acquiring an additional 2,166 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.

Kennedy-Wilson Price Performance

NYSE:KW traded up $0.13 during trading hours on Friday, reaching $8.91. 641,788 shares of the company traded hands, compared to its average volume of 505,041. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The firm's 50-day moving average is $9.43 and its 200-day moving average is $10.43. The stock has a market cap of $1.22 billion, a P/E ratio of -3.45, a P/E/G ratio of 0.54 and a beta of 1.13. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $11.88.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.