AlphaQuest LLC Sells 107,483 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

AlphaQuest LLC cut its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 72.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,874 shares of the financial services provider's stock after selling 107,483 shares during the quarter. AlphaQuest LLC's holdings in Kennedy-Wilson were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Amundi increased its holdings in Kennedy-Wilson by 43.5% in the fourth quarter. Amundi now owns 117,578 shares of the financial services provider's stock worth $1,088,000 after buying an additional 35,633 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Kennedy-Wilson during the 4th quarter worth $2,801,000. Proficio Capital Partners LLC acquired a new position in shares of Kennedy-Wilson during the 4th quarter worth $370,000. Atria Investments Inc raised its holdings in shares of Kennedy-Wilson by 16.8% during the 4th quarter. Atria Investments Inc now owns 77,630 shares of the financial services provider's stock valued at $776,000 after purchasing an additional 11,148 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Kennedy-Wilson by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock valued at $19,756,000 after purchasing an additional 64,352 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the transaction, the director now directly owns 98,318 shares of the company's stock, valued at $847,501.16. The trade was a 23.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They set a "hold" rating and a $9.00 target price on the stock. StockNews.com raised Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday, December 6th.

Kennedy-Wilson Stock Performance

KW traded up $0.03 during trading on Monday, hitting $8.68. The stock had a trading volume of 866,660 shares, compared to its average volume of 696,343. The firm has a market cap of $1.20 billion, a PE ratio of -3.36, a P/E/G ratio of 0.54 and a beta of 1.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $11.88. The company has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $10.30.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.53%. Kennedy-Wilson's payout ratio is presently -85.71%.

About Kennedy-Wilson

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.