Kenon (NYSE:KEN) Sees Large Volume Increase - Here's Why

Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) saw an uptick in trading volume on Monday . 8,342 shares were traded during trading, a decline of 20% from the previous session's volume of 10,415 shares.The stock last traded at $34.60 and had previously closed at $34.18.

Kenon Price Performance

The firm has a market cap of $1.73 billion, a P/E ratio of 10.01 and a beta of 1.33. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The firm has a 50-day simple moving average of $32.18 and a 200-day simple moving average of $29.70.

Hedge Funds Weigh In On Kenon

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of Kenon by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock worth $212,000 after purchasing an additional 900 shares in the last quarter. Barclays PLC boosted its holdings in Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after acquiring an additional 4,445 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in Kenon by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock worth $771,000 after acquiring an additional 4,632 shares in the last quarter. Anfield Capital Management LLC grew its stake in shares of Kenon by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock worth $317,000 after acquiring an additional 4,669 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in shares of Kenon by 2.8% during 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 acquiring an additional 5,705 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

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Kenon Company Profile

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.