Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $34.00, but opened at $32.41. Kenon shares last traded at $32.55, with a volume of 9,151 shares trading hands.
Kenon Trading Down 5.2 %
The stock has a market capitalization of $1.74 billion, a PE ratio of 10.08 and a beta of 1.44. 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 moving average price of $29.79 and a 200-day moving average price of $26.95.
Institutional Trading of Kenon
Several hedge funds have recently made changes to their positions in KEN. Y.D. More Investments Ltd purchased a new stake in Kenon in the 2nd quarter worth approximately $4,371,000. Clal Insurance Enterprises Holdings Ltd grew its position in Kenon by 3.7% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider's stock worth $76,251,000 after acquiring an additional 97,256 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Kenon in the third quarter worth $1,136,000. CWA Asset Management Group LLC bought a new position in shares of Kenon during the third quarter valued at about $504,000. Finally, Public Employees Retirement System of Ohio bought a new position in Kenon during the 3rd quarter valued at approximately $365,000. 13.38% of the stock is currently owned by institutional investors.
About Kenon
(
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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.
Further Reading
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