Old West Investment Management LLC Acquires 150,950 Shares of Kennedy-Wilson Holdings Inc. $KW

Old West Investment Management LLC lifted its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 877,380 shares of the financial services provider’s stock after purchasing an additional 150,950 shares during the period. Kennedy-Wilson comprises about 1.7% of Old West Investment Management LLC’s investment portfolio, making the stock its 22nd largest position. Old West Investment Management LLC owned 0.64% of Kennedy-Wilson worth $7,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in Kennedy-Wilson by 19.5% in the 1st quarter. AQR Capital Management LLC now owns 23,868 shares of the financial services provider’s stock valued at $207,000 after buying an additional 3,899 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kennedy-Wilson by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,577 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 2,952 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Kennedy-Wilson in the first quarter worth approximately $92,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kennedy-Wilson by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 879,644 shares of the financial services provider’s stock worth $7,635,000 after purchasing an additional 30,176 shares during the period. Finally, Jane Street Group LLC raised its position in Kennedy-Wilson by 756.4% during the 1st quarter. Jane Street Group LLC now owns 209,553 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 185,083 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

KW has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $11.00 price target on shares of Kennedy-Wilson in a research report on Thursday, December 18th. Wall Street Zen cut shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Kennedy-Wilson in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus target price of $10.00.

Kennedy-Wilson Price Performance

Shares of KW stock opened at $9.94 on Friday. The company has a market cap of $1.37 billion, a P/E ratio of -38.23 and a beta of 1.02. The company has a debt-to-equity ratio of 5.99, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s 50-day moving average is $9.81 and its 200 day moving average is $8.88. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $10.11.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.