Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $44.63 and last traded at $43.93, with a volume of 23107 shares. The stock had previously closed at $43.78.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Kenon from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
Check Out Our Latest Stock Analysis on KEN
Kenon Stock Down 1.6%
The company has a market capitalization of $2.36 billion, a P/E ratio of 14.16 and a beta of 1.16. The firm's 50 day moving average price is $36.14 and its two-hundred day moving average price is $33.26. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.44.
Kenon (NYSE:KEN - Get Free Report) last released 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 during the quarter.
Hedge Funds Weigh In On Kenon
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. grew its stake in shares of Kenon by 7.1% in the second quarter. Redhawk Wealth Advisors Inc. now owns 31,550 shares of the utilities provider's stock valued at $1,311,000 after buying an additional 2,079 shares in the last quarter. 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. Jane Street Group LLC bought a new position in Kenon during the first quarter worth $254,000. 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. Finally, Nuveen LLC bought a new position in Kenon during the first quarter worth $575,000. 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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