Kennedy-Wilson (NYSE:KW) Upgraded at Wall Street Zen

Key Points

• Kennedy-Wilson was upgraded by Wall Street Zen from a "sell" rating to a "buy" rating, indicating improved analyst sentiment towards the company's stock.
• The CEO, William J. Mcmorrow, recently acquired 200,000 shares at an average price of $6.36 each, increasing his ownership stake and reflecting confidence in the company’s future.
• Kennedy-Wilson reported a quarterly earnings EPS of $0.17, exceeding expectations, though its revenue fell short of analyst estimates at $135.70 million.

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

Kennedy-Wilson Stock Up 0.2%

Kennedy-Wilson stock traded up $0.02 during midday trading on Friday, hitting $7.62. 925,483 shares of the stock were exchanged, compared to its average volume of 891,963. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 5.73. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -11.37, a price-to-earnings-growth ratio of 26.55 and a beta of 1.10. Kennedy-Wilson has a 52-week low of $5.98 and a 52-week high of $11.88. The business's 50-day moving average price is $7.12 and its 200-day moving average price is $7.60.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.10. Kennedy-Wilson had a negative net margin of 9.11% and a positive return on equity of 12.90%. The company had revenue of $135.70 million for the quarter, compared to analysts' expectations of $229.98 million. On average, research analysts expect that Kennedy-Wilson will post 2.87 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Kennedy-Wilson

Hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings 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 buying an additional 3,248 shares during the period. GAMMA Investing LLC lifted its holdings in Kennedy-Wilson by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,388 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Kennedy-Wilson in the 1st quarter valued at $92,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Kennedy-Wilson during the 4th quarter worth $114,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Kennedy-Wilson by 10.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,740 shares of the financial services provider's stock worth $114,000 after acquiring an additional 1,645 shares during the period. Hedge funds and other institutional investors own 87.72% of the company's stock.

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.