Elkhorn Partners Limited Partnership Lowers Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Elkhorn Partners Limited Partnership decreased its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,197,500 shares of the financial services provider's stock after selling 48,500 shares during the quarter. Kennedy-Wilson comprises about 27.5% of Elkhorn Partners Limited Partnership's portfolio, making the stock its 2nd largest holding. Elkhorn Partners Limited Partnership owned approximately 3.05% of Kennedy-Wilson worth $41,933,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Alberta Investment Management Corp lifted its position in shares of Kennedy-Wilson by 17.5% during the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after buying an additional 395,000 shares during the last quarter. Royce & Associates LP grew its holdings in Kennedy-Wilson by 3.6% in the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock valued at $92,903,000 after purchasing an additional 325,737 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Kennedy-Wilson during the 4th quarter worth about $2,801,000. JPMorgan Chase & Co. boosted its stake in shares of Kennedy-Wilson by 183.5% in the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock worth $3,274,000 after acquiring an additional 191,790 shares during the last quarter. Finally, Norges Bank acquired a new stake in Kennedy-Wilson in the 4th quarter valued at about $1,681,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective for the company.

Insider Buying and Selling

In related news, Director Stanley R. Zax purchased 41,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of $8.56 per share, with a total value of $350,960.00. Following the completion of the purchase, the director now owns 547,400 shares of the company's stock, valued at $4,685,744. The trade was a 8.10 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the transaction, the director now directly owns 98,318 shares in the company, valued at approximately $847,501.16. The trade was a 23.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.73% of the company's stock.

Kennedy-Wilson Price Performance

Shares of Kennedy-Wilson stock traded up $0.13 during trading on Friday, reaching $6.79. The company's stock had a trading volume of 864,082 shares, compared to its average volume of 701,668. Kennedy-Wilson Holdings, Inc. has a 12-month low of $6.34 and a 12-month high of $11.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The business has a 50 day moving average price of $8.50 and a 200-day moving average price of $9.75. The company has a market capitalization of $936.94 million, a P/E ratio of -2.63, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date was Monday, March 31st. Kennedy-Wilson's dividend 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.