Kennedy-Wilson (NYSE:KW) Cut to Sell at Wall Street Zen

Kennedy-Wilson (NYSE:KW - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Kennedy-Wilson Stock Down 1.5%

NYSE KW traded down $0.12 on Friday, hitting $7.41. 403,834 shares of the company were exchanged, compared to its average volume of 747,368. Kennedy-Wilson has a 12 month low of $5.98 and a 12 month high of $11.88. The company has a market cap of $1.02 billion, a PE ratio of -7.06, a PEG ratio of 1.65 and a beta of 1.07. The stock has a fifty day moving average of $6.68 and a 200-day moving average of $7.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 6.23.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). The company had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. As a group, analysts forecast that Kennedy-Wilson will post 2.87 earnings per share for the current year.

Insider Buying and Selling at Kennedy-Wilson

In related news, CEO William J. Mcmorrow bought 200,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the transaction, the chief executive officer owned 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 20.30% of the company's stock.

Hedge Funds Weigh In On Kennedy-Wilson

A number of institutional investors have recently bought and sold shares of KW. Charles Schwab Investment Management Inc. lifted its stake in Kennedy-Wilson by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock valued at $19,756,000 after buying an additional 64,352 shares during the period. Proficio Capital Partners LLC bought a new position in Kennedy-Wilson in the fourth quarter valued at about $370,000. Raymond James Financial Inc. bought a new stake in shares of Kennedy-Wilson during the fourth quarter worth about $2,801,000. Amundi lifted its holdings in Kennedy-Wilson by 43.5% in the fourth quarter. Amundi now owns 117,578 shares of the financial services provider's stock valued at $1,088,000 after buying an additional 35,633 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kennedy-Wilson by 70.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,304 shares of the financial services provider's stock worth $902,000 after purchasing an additional 37,437 shares during the period. Hedge funds and other institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Company 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.