FMR LLC decreased its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,559,095 shares of the financial services provider’s stock after selling 764,017 shares during the period. FMR LLC owned about 1.36% of Kennedy-Wilson Holdings worth $34,612,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Kennedy-Wilson Holdings during the first quarter worth about $158,000. Prudential Financial Inc. acquired a new stake in shares of Kennedy-Wilson Holdings during the first quarter worth about $215,000. Karp Capital Management Corp acquired a new stake in shares of Kennedy-Wilson Holdings during the first quarter worth about $227,000. Bank of Montreal Can boosted its stake in shares of Kennedy-Wilson Holdings by 352.2% in the first quarter. Bank of Montreal Can now owns 12,427 shares of the financial services provider’s stock worth $276,000 after buying an additional 9,679 shares in the last quarter. Finally, HCR Wealth Advisors acquired a new stake in shares of Kennedy-Wilson Holdings during the first quarter worth about $280,000. 82.03% of the stock is currently owned by institutional investors.
Shares of Kennedy-Wilson Holdings Inc. (KW) traded down 1.25% on Friday, hitting $19.75. 753,635 shares of the stock were exchanged. The company has a 50-day moving average price of $19.19 and a 200-day moving average price of $20.47. Kennedy-Wilson Holdings Inc. has a one year low of $17.95 and a one year high of $23.77. The firm has a market capitalization of $2.26 billion, a PE ratio of 235.12 and a beta of 1.36.
Kennedy-Wilson Holdings (NYSE:KW) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. The business had revenue of $177.80 million during the quarter, compared to the consensus estimate of $178.55 million. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.27%. Kennedy-Wilson Holdings’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) EPS. Equities research analysts expect that Kennedy-Wilson Holdings Inc. will post ($0.23) earnings per share for the current year.
A number of research firms have issued reports on KW. BidaskClub cut shares of Kennedy-Wilson Holdings from a “hold” rating to a “sell” rating in a report on Thursday. BTIG Research restated a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a report on Thursday, June 22nd. JMP Securities cut shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, May 15th. Finally, Deutsche Bank AG cut shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $28.50.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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