Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA cut its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 26.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 411,005 shares of the financial services provider's stock after selling 145,120 shares during the period. Beach Investment Counsel Inc. PA owned about 0.30% of Kennedy-Wilson worth $4,106,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KW. FMR LLC raised its position in shares of Kennedy-Wilson by 7.9% during the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock valued at $179,000 after buying an additional 1,182 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Kennedy-Wilson by 2.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 52,734 shares of the financial services provider's stock worth $583,000 after buying an additional 1,352 shares during the last quarter. Quantinno Capital Management LP increased its stake in Kennedy-Wilson by 13.3% in the third quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 1,686 shares during the last quarter. KBC Group NV raised its stake in Kennedy-Wilson by 53.1% during the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock worth $54,000 after acquiring an additional 1,693 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Kennedy-Wilson by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 19,542 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 2,145 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Performance

NYSE KW traded down $0.28 on Friday, hitting $8.99. 195,791 shares of the company's stock were exchanged, compared to its average volume of 519,154. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -3.48, a P/E/G ratio of 0.55 and a beta of 1.13. The firm's 50-day moving average price is $9.93 and its two-hundred day moving average price is $10.55. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $11.88. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18.

Wall Street Analysts Forecast Growth

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

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.