Clal Insurance Enterprises Holdings Ltd Has $76.25 Million Stock Position in Kenon Holdings Ltd. (NYSE:KEN)

Clal Insurance Enterprises Holdings Ltd raised its holdings in Kenon Holdings Ltd. (NYSE:KEN) by 3.7% in the third quarter, HoldingsChannel.com reports. The firm owned 2,694,216 shares of the utilities provider’s stock after purchasing an additional 97,256 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Kenon were worth $76,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KEN. BNP Paribas Financial Markets raised its position in shares of Kenon by 150.0% in the first quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,800 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Kenon during the 2nd quarter worth $2,317,000. Y.D. More Investments Ltd acquired a new position in Kenon in the 2nd quarter valued at $4,371,000. Finally, CWA Asset Management Group LLC acquired a new position in Kenon in the 3rd quarter valued at $504,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Price Performance

KEN opened at $28.47 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.08 and a quick ratio of 3.08. Kenon Holdings Ltd. has a 52-week low of $19.63 and a 52-week high of $30.67. The business’s fifty day moving average is $27.38 and its 200-day moving average is $25.69.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $181.00 million for the quarter. Kenon had a negative net margin of 10.61% and a negative return on equity of 9.48%.

About Kenon

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.