Kennedy-Wilson (NYSE:KW) Upgraded by Wall Street Zen to Hold Rating

Kennedy-Wilson (NYSE:KW) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Kennedy-Wilson Trading Up 0.5%

KW opened at $7.38 on Friday. The stock has a market cap of $1.02 billion, a PE ratio of 43.18, a PEG ratio of 25.64 and a beta of 1.07. The business has a 50 day moving average of $6.76 and a 200-day moving average of $7.79. Kennedy-Wilson has a 52 week low of $5.98 and a 52 week high of $11.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 6.23.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $227.14 million. Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. Equities research analysts predict that Kennedy-Wilson will post 2.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William J. Mcmorrow bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the acquisition, the chief executive officer owned 8,049,517 shares in the company, valued at $51,194,928.12. This trade represents a 2.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.73% of the company’s stock.

Hedge Funds Weigh In On Kennedy-Wilson

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Kennedy-Wilson during the 4th quarter valued at approximately $2,801,000. Northern Trust Corp grew its holdings in Kennedy-Wilson by 18.2% during the 4th quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider’s stock valued at $15,704,000 after buying an additional 241,943 shares in the last quarter. Jane Street Group LLC raised its position in shares of Kennedy-Wilson by 756.4% during the first quarter. Jane Street Group LLC now owns 209,553 shares of the financial services provider’s stock valued at $1,819,000 after buying an additional 185,083 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Kennedy-Wilson in the first quarter worth $1,600,000. Finally, Norges Bank bought a new position in shares of Kennedy-Wilson during the fourth quarter worth $1,681,000. 87.72% of the stock is currently owned by institutional investors.

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.