Kenon (NYSE:KEN - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.
Kenon Price Performance
Shares of KEN stock traded up $1.42 during mid-day trading on Friday, reaching $33.03. The company's stock had a trading volume of 43,017 shares, compared to its average volume of 12,858. The firm's 50-day moving average is $32.10 and its two-hundred day moving average is $30.39. The company has a market cap of $1.72 billion, a P/E ratio of 10.32 and a beta of 1.31. Kenon has a 1-year low of $19.63 and a 1-year high of $35.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78.
Hedge Funds Weigh In On Kenon
Hedge funds and other institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd raised its stake in Kenon by 3.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider's stock worth $92,868,000 after acquiring an additional 88,762 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kenon by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock worth $25,370,000 after purchasing an additional 15,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kenon by 11.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock valued at $14,214,000 after purchasing an additional 43,694 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Kenon by 6.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 267,618 shares of the utilities provider's stock valued at $8,972,000 after purchasing an additional 15,677 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Kenon by 2.8% in the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock valued at $6,885,000 after buying an additional 5,705 shares in the last quarter. Institutional investors own 13.38% of the company's stock.
Kenon Company Profile
(
Get 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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