Y Intercept Hong Kong Ltd Has $540,000 Stock Holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW)

Key Points

• Y Intercept Hong Kong Ltd increased its position in Kennedy-Wilson Holdings Inc. by 318.7% in Q1, owning 62,260 shares worth approximately $540,000.
• CEO William J. Mcmorrow purchased 200,000 shares of Kennedy-Wilson, raising his total holdings to over 8 million shares, valued at around $51 million.
• Kennedy-Wilson's stock was recently downgraded from a "hold" to a "sell" rating by Wall Street Zen, highlighting a negative outlook for the company.

Y Intercept Hong Kong Ltd lifted its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 318.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,260 shares of the financial services provider's stock after buying an additional 47,390 shares during the period. Y Intercept Hong Kong Ltd's holdings in Kennedy-Wilson were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KW. American Century Companies Inc. increased its position in Kennedy-Wilson by 10.9% during the fourth quarter. American Century Companies Inc. now owns 250,385 shares of the financial services provider's stock worth $2,501,000 after buying an additional 24,561 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Kennedy-Wilson during the 4th quarter worth about $216,000. JPMorgan Chase & Co. raised its holdings in shares of Kennedy-Wilson by 31.3% in the 4th quarter. JPMorgan Chase & Co. now owns 389,018 shares of the financial services provider's stock worth $3,886,000 after purchasing an additional 92,736 shares during the period. Norges Bank bought a new stake in shares of Kennedy-Wilson in the 4th quarter worth approximately $1,681,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Kennedy-Wilson in the fourth quarter worth $344,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Performance

Kennedy-Wilson stock traded down $0.07 during mid-day trading on Thursday, reaching $7.35. 116,591 shares of the company traded hands, compared to its average volume of 879,462. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.99, a price-to-earnings-growth ratio of 26.72 and a beta of 1.07. Kennedy-Wilson Holdings Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $11.88. The firm's fifty day moving average is $6.94 and its two-hundred day moving average is $7.71. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.05 and a quick ratio of 1.05.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share 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 during the quarter, compared to analyst estimates of $227.14 million. On average, equities research analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 6.54%. Kennedy-Wilson's dividend payout ratio is presently -45.71%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a research report on Monday.

Insider Buying and Selling at Kennedy-Wilson

In other news, CEO William J. Mcmorrow acquired 200,000 shares of Kennedy-Wilson stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the purchase, the chief executive officer directly owned 8,049,517 shares of the company's stock, valued at $51,194,928.12. This trade represents a 2.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 20.30% of the company's stock.

Kennedy-Wilson 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.