LDR Capital Management LLC decreased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,839 shares of the financial services provider's stock after selling 106,798 shares during the period. Kennedy-Wilson accounts for 2.5% of LDR Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. LDR Capital Management LLC owned approximately 0.13% of Kennedy-Wilson worth $1,837,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Legacy Capital Group California Inc. boosted its position in shares of Kennedy-Wilson by 12.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider's stock valued at $194,000 after acquiring an additional 2,206 shares during the period. Alberta Investment Management Corp raised its stake in Kennedy-Wilson by 17.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after purchasing an additional 395,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Kennedy-Wilson by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 572,853 shares of the financial services provider's stock valued at $5,723,000 after purchasing an additional 16,090 shares during the period. State of New Jersey Common Pension Fund D grew its position in Kennedy-Wilson by 5.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 189,798 shares of the financial services provider's stock worth $1,896,000 after purchasing an additional 9,144 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Kennedy-Wilson by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider's stock worth $215,000 after purchasing an additional 1,995 shares during the period. 87.72% of the stock is currently owned by institutional investors.
Kennedy-Wilson Price Performance
Shares of NYSE:KW traded down $0.10 during midday trading on Wednesday, reaching $9.19. 662,177 shares of the company's stock were exchanged, compared to its average volume of 523,248. The firm has a market capitalization of $1.26 billion, a PE ratio of -3.56, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The company's 50 day simple moving average is $9.33 and its two-hundred day simple moving average is $10.41. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $11.88. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18.
Kennedy-Wilson (NYSE:KW - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.21). Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. Equities research analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a report on Monday. They set a "hold" rating and a $9.00 price objective on the stock.
Check Out Our Latest Research Report on KW
About Kennedy-Wilson
(
Free Report)
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.
Read More
Before you consider Kennedy-Wilson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kennedy-Wilson wasn't on the list.
While Kennedy-Wilson currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
