Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $46.23 and last traded at $46.20, with a volume of 7594 shares traded. The stock had previously closed at $44.79.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Check Out Our Latest Stock Report on Kenon
Kenon Stock Performance
The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.66 and a beta of 1.16. The stock's fifty day moving average is $37.62 and its two-hundred day moving average is $33.76. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.44.
Kenon (NYSE:KEN - Get Free Report) last issued its earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share for the quarter. Kenon had a net margin of 79.14% and a negative return on equity of 2.64%. The business had revenue of $183.00 million for the quarter.
Hedge Funds Weigh In On Kenon
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd boosted its position in Kenon by 9.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,046,978 shares of the utilities provider's stock worth $96,048,000 after purchasing an additional 264,000 shares during the period. Vanguard Group Inc. boosted its position in Kenon by 0.5% during the first quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider's stock worth $24,217,000 after purchasing an additional 4,176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kenon by 11.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock worth $14,214,000 after purchasing an additional 43,694 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Kenon by 6.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,618 shares of the utilities provider's stock worth $8,972,000 after purchasing an additional 15,677 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Kenon by 327.2% during the first quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider's stock worth $3,920,000 after purchasing an additional 93,896 shares during the period. 13.38% of the stock is owned by institutional investors.
About Kenon
(
Get Free Report)
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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