Kenon (NYSE:KEN) Shares Gap Up to $24.91

Kenon Holdings Ltd. (NYSE:KEN) shares gapped up before the market opened on Monday . The stock had previously closed at $24.91, but opened at $25.58. Kenon shares last traded at $25.60, with a volume of 871 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kenon from a “sell” rating to a “hold” rating in a report on Wednesday, June 5th.

Kenon Stock Up 1.5 %

The firm’s fifty day moving average is $24.98 and its 200-day moving average is $24.44. The company has a market capitalization of $1.36 billion, a P/E ratio of -6.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.10 and a current ratio of 3.08.

Institutional Investors Weigh In On Kenon

Several hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in shares of Kenon during the second quarter valued at $4,371,000. Assenagon Asset Management S.A. bought a new position in Kenon during the 2nd quarter worth $2,317,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Kenon by 3.3% during 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 during the period. CWA Asset Management Group LLC acquired a new position in Kenon during the 4th quarter worth about $214,000. Finally, BNP Paribas Financial Markets grew its position in shares of Kenon by 150.0% in the 1st 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 during the last quarter. Institutional investors and hedge funds 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.