Anson Funds Management LP bought a new position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 54,912 shares of the financial services provider's stock, valued at approximately $477,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kennedy-Wilson by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,625 shares of the financial services provider's stock valued at $646,000 after purchasing an additional 2,054 shares during the period. Sprott Inc. increased its position in shares of Kennedy-Wilson by 0.4% in the first quarter. Sprott Inc. now owns 861,660 shares of the financial services provider's stock worth $7,479,000 after acquiring an additional 3,077 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Kennedy-Wilson by 12.3% during the first quarter. New York State Teachers Retirement System now owns 30,100 shares of the financial services provider's stock valued at $261,000 after acquiring an additional 3,300 shares during the period. Legacy Capital Group California Inc. raised its holdings in shares of Kennedy-Wilson by 18.0% during the first quarter. Legacy Capital Group California Inc. now owns 22,979 shares of the financial services provider's stock valued at $199,000 after acquiring an additional 3,513 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Kennedy-Wilson by 19.5% in the 1st quarter. AQR Capital Management LLC now owns 23,868 shares of the financial services provider's stock valued at $207,000 after acquiring an additional 3,899 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.
Kennedy-Wilson Stock Performance
Shares of KW opened at $8.89 on Thursday. The company has a market capitalization of $1.23 billion, a PE ratio of -13.26, a PEG ratio of 2.77 and a beta of 1.16. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.97 and a current ratio of 0.97. The company's 50 day moving average price is $7.89 and its 200 day moving average price is $7.54. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $11.88.
Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.10. The business had revenue of $135.70 million for the quarter, compared to the consensus estimate of $229.98 million. Kennedy-Wilson had a negative net margin of 9.11% and a positive return on equity of 12.90%. Research analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.
Kennedy-Wilson Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 5.4%. Kennedy-Wilson's payout ratio is -71.64%.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Kennedy-Wilson from a "sell" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Kennedy-Wilson currently has an average rating of "Hold" and a consensus price target of $9.00.
Get Our Latest Report on Kennedy-Wilson
About Kennedy-Wilson
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding KW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report).
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