Kennedy-Wilson (NYSE:KW) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Kennedy-Wilson shares have been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a shift in analyst sentiment regarding the company's prospects.
• Despite the downgrade, the stock price saw a slight increase of 0.2% on Monday, opening at $7.60.
• CEO William J. Mcmorrow purchased 200,000 shares of Kennedy-Wilson at an average cost of $6.36 per share, raising his ownership stake in the company.

Kennedy-Wilson (NYSE:KW - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Monday.

Kennedy-Wilson Stock Up 0.2%

Kennedy-Wilson stock opened at $7.60 on Monday. The stock's 50 day moving average price is $6.87 and its 200 day moving average price is $7.72. The company has a market cap of $1.05 billion, a PE ratio of -7.24, a price-to-earnings-growth ratio of 26.55 and a beta of 1.07. 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 has a 1-year low of $5.98 and a 1-year high of $11.88.

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

Insider Buying and Selling at Kennedy-Wilson

In other Kennedy-Wilson news, CEO William J. Mcmorrow bought 200,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the transaction, the chief executive officer owned 8,049,517 shares in the company, valued at $51,194,928.12. The trade was a 2.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KW. Sterling Capital Management LLC grew its position in Kennedy-Wilson by 822.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock worth $36,000 after purchasing an additional 3,248 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Kennedy-Wilson by 35.2% during the second quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider's stock worth $36,000 after buying an additional 1,388 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Kennedy-Wilson in the 1st quarter worth approximately $92,000. Sherbrooke Park Advisers LLC acquired a new stake in Kennedy-Wilson in the 4th quarter valued at approximately $114,000. Finally, Versor Investments LP bought a new stake in Kennedy-Wilson during the 1st quarter valued at $115,000. 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.

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