Louisiana State Employees Retirement System Decreases Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Louisiana State Employees Retirement System reduced its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,100 shares of the financial services provider’s stock after selling 1,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Kennedy-Wilson were worth $631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KW. ProShare Advisors LLC grew its stake in shares of Kennedy-Wilson by 31.1% during the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock worth $7,448,000 after purchasing an additional 205,890 shares during the period. Edgestream Partners L.P. acquired a new stake in Kennedy-Wilson in the 1st quarter valued at $774,000. BNP Paribas Financial Markets grew its stake in Kennedy-Wilson by 1,238.7% in the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock valued at $6,047,000 after acquiring an additional 652,116 shares during the period. Public Employees Retirement System of Ohio grew its stake in Kennedy-Wilson by 6,378.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock valued at $1,477,000 after acquiring an additional 169,468 shares during the period. Finally, Old West Investment Management LLC grew its stake in Kennedy-Wilson by 7.9% in the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock valued at $6,732,000 after acquiring an additional 50,474 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KW shares. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. JPMorgan Chase & Co. raised their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th.

Kennedy-Wilson Stock Performance

NYSE KW opened at $11.10 on Wednesday. The company has a market cap of $1.53 billion, a P/E ratio of -4.14, a P/E/G ratio of 0.65 and a beta of 1.10. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50-day moving average of $10.98 and a two-hundred day moving average of $10.32. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $13.27.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The business had revenue of $132.00 million during the quarter, compared to the consensus estimate of $100.66 million. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. As a group, analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current year.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.