Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 77.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 65,800 shares of the financial services provider's stock after selling 223,100 shares during the quarter. Renaissance Technologies LLC's holdings in Kennedy-Wilson were worth $640,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Elkhorn Partners Limited Partnership boosted its stake in shares of Kennedy-Wilson by 2.9% in the first quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider's stock valued at $37,226,000 after buying an additional 121,223 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Kennedy-Wilson by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider's stock worth $13,004,000 after purchasing an additional 104,577 shares during the period. ProShare Advisors LLC increased its holdings in shares of Kennedy-Wilson by 31.1% in the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider's stock valued at $7,448,000 after purchasing an additional 205,890 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Kennedy-Wilson by 1,238.7% in the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider's stock valued at $6,047,000 after purchasing an additional 652,116 shares in the last quarter. Finally, Easterly Investment Partners LLC acquired a new stake in shares of Kennedy-Wilson in the first quarter valued at about $5,007,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KW. StockNews.com cut shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday, September 2nd. JPMorgan Chase & Co. raised their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th.

Kennedy-Wilson Price Performance

Shares of NYSE KW traded down $0.12 during trading on Wednesday, reaching $10.62. The company had a trading volume of 422,756 shares, compared to its average volume of 998,297. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $14.50. The stock has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $9.97. The stock has a market capitalization of $1.46 billion, a PE ratio of -5.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.12. The firm had revenue of $132.00 million during the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The business's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, sell-side analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 30th were issued a $0.12 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 4.52%. Kennedy-Wilson's payout ratio is -24.37%.

Kennedy-Wilson Company Profile

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.