Elkhorn Partners Limited Partnership Has $41.93 Million Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Elkhorn Partners Limited Partnership decreased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,197,500 shares of the financial services provider's stock after selling 48,500 shares during the period. Kennedy-Wilson makes up 27.5% of Elkhorn Partners Limited Partnership's holdings, making the stock its 2nd biggest position. Elkhorn Partners Limited Partnership owned 3.05% of Kennedy-Wilson worth $41,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. XTX Topco Ltd acquired a new position in Kennedy-Wilson in the fourth quarter valued at about $151,000. Belpointe Asset Management LLC raised its position in shares of Kennedy-Wilson by 10.2% in the 4th quarter. Belpointe Asset Management LLC now owns 35,056 shares of the financial services provider's stock valued at $350,000 after buying an additional 3,250 shares in the last quarter. Barclays PLC lifted its holdings in shares of Kennedy-Wilson by 7.4% during the 4th quarter. Barclays PLC now owns 207,160 shares of the financial services provider's stock worth $2,070,000 after acquiring an additional 14,323 shares during the period. TT Capital Management LLC acquired a new stake in shares of Kennedy-Wilson during the 4th quarter worth approximately $513,000. Finally, Sterling Capital Management LLC increased its stake in 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 acquiring an additional 3,248 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Price Performance

Shares of KW traded up $0.13 during trading hours on Friday, reaching $6.79. The stock had a trading volume of 864,082 shares, compared to its average volume of 699,065. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 12 month low of $6.34 and a 12 month high of $11.88. The stock has a market capitalization of $936.94 million, a PE ratio of -2.63, a PEG ratio of 0.54 and a beta of 0.98. The company's 50-day moving average is $8.46 and its two-hundred day moving average is $9.72.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson's dividend payout ratio is currently -85.71%.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a report on Monday, February 24th. They set a "hold" rating and a $9.00 price target for the company.

Insider Activity at Kennedy-Wilson

In related news, Director Stanley R. Zax purchased 41,000 shares of Kennedy-Wilson stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the transaction, the director now owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This represents a 8.10 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the sale, the director now directly owns 98,318 shares of the company's stock, valued at approximately $847,501.16. The trade was a 23.38 % decrease in their position. The disclosure for this sale can be found here. 22.73% of the stock is owned by company insiders.

About Kennedy-Wilson

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.