ACR Alpine Capital Research LLC Buys Shares of 113,483 Kennedy-Wilson Holdings Inc. (NYSE:KW)

ACR Alpine Capital Research LLC purchased a new position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 113,483 shares of the financial services provider's stock, valued at approximately $985,000. ACR Alpine Capital Research LLC owned about 0.07% of Kennedy-Wilson at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KW. Sterling Capital Management LLC grew its stake in shares of Kennedy-Wilson by 822.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock valued at $36,000 after buying an additional 3,248 shares in the last quarter. Cibc World Markets Corp purchased a new position in Kennedy-Wilson in the fourth quarter valued at about $106,000. Sherbrooke Park Advisers LLC purchased a new position in Kennedy-Wilson in the fourth quarter valued at about $114,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Kennedy-Wilson in the first quarter valued at about $131,000. Finally, Fox Run Management L.L.C. purchased a new position in Kennedy-Wilson in the fourth quarter valued at about $134,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Sunday, July 20th.

Insider Activity at Kennedy-Wilson

In other Kennedy-Wilson news, CEO William J. Mcmorrow bought 200,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was acquired at an average price of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,049,517 shares in the company, valued at approximately $51,194,928.12. This represents a 2.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.30% of the stock is currently owned by company insiders.

Kennedy-Wilson Price Performance

Shares of KW stock traded up $0.01 during mid-day trading on Friday, hitting $7.60. 501,423 shares of the stock traded hands, compared to its average volume of 953,306. Kennedy-Wilson Holdings Inc. has a twelve month low of $5.98 and a twelve month high of $11.88. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -7.24, a price-to-earnings-growth ratio of 26.55 and a beta of 1.07. The company's 50-day simple moving average is $6.87 and its 200-day simple moving average is $7.73. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.05 and a current ratio of 1.05.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued 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). Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. The firm had revenue of $128.30 million for the quarter, compared to analyst estimates of $227.14 million. As a group, equities research analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th were given a $0.12 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 6.31%. Kennedy-Wilson's dividend payout ratio (DPR) is presently -45.71%.

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.