Kennedy-Wilson (NYSE:KW) Upgraded by Wall Street Zen to Hold Rating

Kennedy-Wilson (NYSE:KW) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Kennedy-Wilson Stock Down 0.5%

Shares of NYSE KW opened at $7.35 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -7.00, a PEG ratio of 25.64 and a beta of 1.07. Kennedy-Wilson has a 1 year low of $5.98 and a 1 year high of $11.88. The stock’s 50-day simple moving average is $6.76 and its 200-day simple moving average is $7.81. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.05 and a current ratio of 1.05.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. The firm had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. As a group, equities analysts anticipate that Kennedy-Wilson will post 2.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO William J. Mcmorrow bought 200,000 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,049,517 shares of the company’s stock, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its stake in Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 3,248 shares during the period. GAMMA Investing LLC raised its stake in Kennedy-Wilson by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,388 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Kennedy-Wilson during the 1st quarter valued at $92,000. Cibc World Markets Corp acquired a new stake in Kennedy-Wilson during the 4th quarter valued at $106,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Kennedy-Wilson during the 4th quarter valued at $114,000. Institutional investors own 87.72% of the company’s stock.

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.