Shares of Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $31.92, but opened at $32.70. Kenon shares last traded at $32.81, with a volume of 5,991 shares changing hands.
Kenon Stock Up 6.5 %
The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.63 and a beta of 1.44. The firm has a 50 day simple moving average of $29.42 and a 200-day simple moving average of $26.80. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78.
Institutional Trading of Kenon
Several hedge funds have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Kenon by 4,233.3% in the 3rd 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. BNP Paribas Financial Markets boosted its stake in Kenon by 13.4% in the third 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. Public Employees Retirement System of Ohio bought a new stake in shares of Kenon during the third quarter worth $365,000. CWA Asset Management Group LLC acquired a new stake in shares of Kenon in the third quarter valued at $504,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Kenon in the third quarter valued at about $1,136,000. Institutional investors and hedge funds own 13.38% of the company's stock.
About Kenon
(
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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