Kingstone Capital Partners Texas LLC Invests $3.47 Million in Kenon Holdings Ltd. $KEN

Key Points

• Kingstone Capital Partners Texas LLC acquired 83,430 shares of Kenon Holdings Ltd., valued at approximately $3.47 million, during the second quarter.
• Institutional investors hold 13.38% of Kenon's stock, with notable increases in positions from firms such as Northern Trust Corp and Bank of America.
• Kenon Holdings reported $0.10 earnings per share and $196 million in revenue for the last quarter, with a market cap of $2.24 billion.

Kingstone Capital Partners Texas LLC bought a new position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 83,430 shares of the utilities provider's stock, valued at approximately $3,467,000. Kingstone Capital Partners Texas LLC owned about 0.16% of Kenon at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jane Street Group LLC bought a new stake in Kenon in the 1st quarter valued at $254,000. Northern Trust Corp grew its holdings in Kenon by 104.6% during the 4th quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock worth $524,000 after acquiring an additional 7,881 shares during the period. Nuveen LLC bought a new position in Kenon during the first quarter worth $575,000. Bank of America Corp DE grew its holdings in shares of Kenon by 1,139.9% during the fourth quarter. Bank of America Corp DE now owns 22,764 shares of the utilities provider's stock valued at $774,000 after buying an additional 20,928 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Kenon by 23.0% during the 1st quarter. Invesco Ltd. now owns 22,944 shares of the utilities provider's stock worth $734,000 after buying an additional 4,293 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Kenon Stock Performance

KEN traded down $0.36 during trading hours on Monday, hitting $42.74. The stock had a trading volume of 13,578 shares, compared to its average volume of 11,629. The stock has a market cap of $2.23 billion, a PE ratio of 13.36 and a beta of 1.17. The company's fifty day simple moving average is $45.42 and its 200 day simple moving average is $38.29. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.50. Kenon Holdings Ltd. has a 1 year low of $25.28 and a 1 year high of $49.99.

Kenon (NYSE:KEN - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The utilities provider reported $0.10 earnings per share for the quarter. Kenon had a net margin of 63.80% and a negative return on equity of 2.32%. The business had revenue of $196.00 million during the quarter.

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.