Vanguard Personalized Indexing Management LLC Acquires Shares of 12,082 Kenon Holdings Ltd. $KEN

Key Points

• Vanguard Personalized Indexing Management LLC acquired 12,082 shares of Kenon Holdings Ltd. (NYSE: KEN) in Q2, amounting to approximately $502,000.
• In addition to Vanguard, several other hedge funds, including Clal Insurance and Goldman Sachs, have recently increased their holdings in Kenon.
• Kenon has a current share price of $48.17, with a market capitalization of $2.51 billion and reported a revenue of $196 million in its latest earnings results.

Vanguard Personalized Indexing Management LLC bought a new position in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,082 shares of the utilities provider's stock, valued at approximately $502,000.

Several other hedge funds have also recently bought and sold shares of KEN. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Kenon by 9.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,046,978 shares of the utilities provider's stock valued at $96,048,000 after acquiring an additional 264,000 shares during the period. Vanguard Group Inc. lifted its stake in Kenon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider's stock valued at $24,217,000 after purchasing an additional 4,176 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Kenon by 327.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider's stock worth $3,920,000 after purchasing an additional 93,896 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Kenon in the 2nd quarter valued at approximately $3,467,000. Finally, Redhawk Wealth Advisors Inc. grew its stake in shares of Kenon by 7.1% in the second quarter. Redhawk Wealth Advisors Inc. now owns 31,550 shares of the utilities provider's stock worth $1,311,000 after purchasing an additional 2,079 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Kenon in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

Kenon Stock Down 1.3%

KEN opened at $48.17 on Thursday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 15.05 and a beta of 1.18. Kenon Holdings Ltd. has a fifty-two week low of $26.52 and a fifty-two week high of $50.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.33 and a quick ratio of 4.33. The company's 50-day moving average is $45.64 and its 200 day moving average is $40.34.

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

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