CWA Asset Management Group LLC purchased a new stake in Kenon Holdings Ltd. (NYSE:KEN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,034 shares of the utilities provider's stock, valued at approximately $504,000.
Several other hedge funds have also recently added to or reduced their stakes in KEN. BNP Paribas Financial Markets grew its stake in shares of Kenon by 150.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider's stock valued at $80,000 after buying an additional 1,800 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Kenon in the second quarter valued at approximately $2,317,000. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Kenon during the second quarter worth approximately $4,371,000. 13.38% of the stock is owned by institutional investors and hedge funds.
Kenon Stock Performance
Shares of Kenon stock traded down $0.26 during trading hours on Tuesday, hitting $28.48. 8,725 shares of the company were exchanged, compared to its average volume of 15,440. Kenon Holdings Ltd. has a 1 year low of $19.63 and a 1 year high of $29.30. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average of $26.63 and a 200-day moving average of $25.31. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.00 and a beta of 1.45.
Kenon (NYSE:KEN - Get Free Report) last posted its earnings results on Monday, September 9th. The utilities provider reported $0.02 earnings per share for the quarter. The company had revenue of $181.00 million for the quarter. Kenon had a negative return on equity of 9.48% and a negative net margin of 10.61%.
About Kenon
(
Free Report)
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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