Shares of Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $41.93, but opened at $43.90. Kenon shares last traded at $44.35, with a volume of 7,651 shares changing hands.
Kenon Trading Up 6.1%
The firm has a market capitalization of $2.32 billion, a PE ratio of 13.90 and a beta of 1.17. The company's 50-day simple moving average is $45.10 and its 200 day simple moving average is $38.55. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.50.
Kenon (NYSE:KEN - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The utilities provider reported $0.10 EPS for the quarter. Kenon had a net margin of 63.80% and a negative return on equity of 2.32%. The business had revenue of $196.00 million during the quarter.
Institutional Investors Weigh In On Kenon
A number of large investors have recently made changes to their positions in KEN. Raymond James Financial Inc. acquired a new position in Kenon in the 2nd quarter worth approximately $32,000. Jane Street Group LLC increased its holdings in Kenon by 12.2% in the 2nd quarter. Jane Street Group LLC now owns 9,041 shares of the utilities provider's stock worth $373,000 after buying an additional 984 shares during the period. BNP Paribas Financial Markets increased its holdings in Kenon by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider's stock worth $378,000 after buying an additional 1,100 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in Kenon by 7.1% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 31,550 shares of the utilities provider's stock worth $1,311,000 after buying an additional 2,079 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Kenon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider's stock worth $24,217,000 after buying an additional 4,176 shares during the period. 13.38% of the stock is owned by hedge funds and other 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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