Kennedy-Wilson Holdings Inc (NYSE:KW) Director Cathy Hendrickson Sells 10,500 Shares

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Kennedy-Wilson Holdings Inc (NYSE:KW) Director Cathy Hendrickson sold 10,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $22.22, for a total transaction of $233,310.00. Following the completion of the sale, the director now directly owns 55,218 shares of the company’s stock, valued at approximately $1,226,943.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

KW opened at $22.17 on Wednesday. Kennedy-Wilson Holdings Inc has a twelve month low of $17.25 and a twelve month high of $23.50. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 13.38 and a beta of 1.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.02. The company has a fifty day simple moving average of $22.67 and a 200 day simple moving average of $21.56.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.19). The firm had revenue of $143.00 million during the quarter, compared to analyst estimates of $166.20 million. Kennedy-Wilson had a return on equity of 18.10% and a net margin of 15.99%. The business’s quarterly revenue was down 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS.

A number of equities analysts have recently commented on KW shares. ValuEngine downgraded shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson in a research report on Thursday, August 8th.

Large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its holdings in Kennedy-Wilson by 58.8% during the 3rd quarter. Squarepoint Ops LLC now owns 151,464 shares of the financial services provider’s stock worth $3,320,000 after acquiring an additional 56,056 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Kennedy-Wilson during the third quarter valued at approximately $421,000. Point72 Asset Management L.P. lifted its holdings in Kennedy-Wilson by 148.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 9,191 shares of the financial services provider’s stock worth $201,000 after buying an additional 5,491 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Kennedy-Wilson by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 191,235 shares of the financial services provider’s stock worth $4,192,000 after buying an additional 2,284 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its position in shares of Kennedy-Wilson by 11.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 25,100 shares of the financial services provider’s stock worth $550,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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