Old West Investment Management LLC Sells 99,367 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Old West Investment Management LLC trimmed its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 14.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 593,261 shares of the financial services provider's stock after selling 99,367 shares during the period. Kennedy-Wilson makes up 2.4% of Old West Investment Management LLC's investment portfolio, making the stock its 19th largest holding. Old West Investment Management LLC owned 0.43% of Kennedy-Wilson worth $6,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in shares of Kennedy-Wilson by 1,238.7% during 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 during the period. Harbor Capital Advisors Inc. grew its position in Kennedy-Wilson by 225.7% during the third quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider's stock valued at $6,801,000 after buying an additional 426,495 shares during the period. ProShare Advisors LLC increased its holdings in Kennedy-Wilson by 31.1% during the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider's stock valued at $7,448,000 after buying an additional 205,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Kennedy-Wilson by 156.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider's stock worth $3,113,000 after acquiring an additional 195,300 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Kennedy-Wilson during the 2nd quarter worth $1,721,000. Institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Price Performance

Shares of KW traded up $0.51 during trading hours on Wednesday, reaching $11.61. 1,042,845 shares of the stock traded hands, compared to its average volume of 950,027. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.85 and a 52-week high of $13.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67. The company's 50-day moving average price is $10.98 and its two-hundred day moving average price is $10.32.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $0.28 earnings per share. Research analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com cut Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday, September 2nd. JPMorgan Chase & Co. raised their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, August 8th.

About Kennedy-Wilson

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.