Kenon Holdings Ltd. (NYSE:KEN – Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.96 and traded as high as $25.16. Kenon shares last traded at $24.80, with a volume of 12,783 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Kenon from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th.
Read Our Latest Research Report on KEN
Kenon Trading Up 0.2 %
Kenon (NYSE:KEN – Get Free Report) last issued its quarterly earnings data on Monday, June 3rd. The utilities provider reported $0.15 EPS for the quarter. The company had revenue of $174.00 million during the quarter. Kenon had a negative net margin of 30.60% and a negative return on equity of 10.64%.
Hedge Funds Weigh In On Kenon
Several hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in Kenon during the second quarter valued at approximately $4,371,000. Assenagon Asset Management S.A. purchased a new position in Kenon in the 2nd quarter worth approximately $2,317,000. BNP Paribas Financial Markets grew its stake in Kenon by 150.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,800 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Kenon in the 4th quarter worth approximately $39,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in Kenon by 3.3% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,371,960 shares of the utilities provider’s stock worth $57,746,000 after buying an additional 75,892 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.
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.
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