Arrowstreet Capital Limited Partnership Increases Holdings in Kenon Holdings Ltd. (NYSE:KEN)

Arrowstreet Capital Limited Partnership raised its stake in Kenon Holdings Ltd. (NYSE:KEN) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,618 shares of the utilities provider’s stock after buying an additional 15,677 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.50% of Kenon worth $8,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Kenon by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 900 shares during the period. Barclays PLC grew its stake in shares of Kenon by 4,233.3% in the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock valued at $127,000 after buying an additional 4,445 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of Kenon by 25.7% during the 4th quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock worth $771,000 after buying an additional 4,632 shares during the last quarter. Anfield Capital Management LLC raised its position in shares of Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock valued at $317,000 after buying an additional 4,669 shares during the period. Finally, Y.D. More Investments Ltd raised its position in shares of Kenon by 2.8% during the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock valued at $6,885,000 after buying an additional 5,705 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

Kenon Stock Down 5.7 %

Shares of KEN opened at $30.63 on Monday. The company’s 50-day moving average price is $32.04 and its 200 day moving average price is $30.30. Kenon Holdings Ltd. has a 12-month low of $19.63 and a 12-month high of $35.33. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.60 billion, a P/E ratio of 9.57 and a beta of 1.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Kenon from a “hold” rating to a “sell” rating in a research report on Friday.

Kenon Company Profile

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.