State of Alaska Department of Revenue Lowers Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

State of Alaska Department of Revenue lowered its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 67,437 shares of the financial services provider’s stock after selling 1,197 shares during the period. State of Alaska Department of Revenue’s holdings in Kennedy-Wilson were worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. ProShare Advisors LLC boosted its position in Kennedy-Wilson by 31.1% in the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock valued at $7,448,000 after buying an additional 205,890 shares during the period. Edgestream Partners L.P. purchased a new position in Kennedy-Wilson in the 1st quarter valued at approximately $774,000. BNP Paribas Financial Markets boosted its position 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 buying an additional 652,116 shares during the period. Public Employees Retirement System of Ohio boosted its position 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 buying an additional 169,468 shares during the period. Finally, Old West Investment Management LLC boosted its position 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 buying an additional 50,474 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Trading Up 4.6 %

Shares of Kennedy-Wilson stock opened at $11.61 on Thursday. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.85 and a 52-week high of $13.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67. The company’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $10.33. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -4.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW) last released 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. The firm had revenue of $132.00 million for the quarter, compared to the consensus estimate of $100.66 million. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The firm’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, equities research analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Company Profile

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.