Kennedy-Wilson Holdings Inc. (NYSE:KW) Shares Sold by Alliancebernstein L.P.
Alliancebernstein L.P. lowered its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,040 shares of the financial services provider’s stock after selling 17,600 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of Kennedy-Wilson Holdings worth $2,620,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Kennedy-Wilson Holdings by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,994 shares of the financial services provider’s stock worth $42,742,000 after buying an additional 237,370 shares during the period. State Street Corp increased its stake in shares of Kennedy-Wilson Holdings by 1.6% in the fourth quarter. State Street Corp now owns 1,470,649 shares of the financial services provider’s stock worth $30,147,000 after buying an additional 23,664 shares during the period. CI Investments Inc. increased its stake in shares of Kennedy-Wilson Holdings by 29.9% in the first quarter. CI Investments Inc. now owns 1,431,112 shares of the financial services provider’s stock worth $31,771,000 after buying an additional 329,500 shares during the period. Real Estate Management Services LLC increased its stake in Kennedy-Wilson Holdings by 4.7% in the first quarter. Real Estate Management Services LLC now owns 1,347,522 shares of the financial services provider’s stock worth $29,915,000 after buying an additional 60,240 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in Kennedy-Wilson Holdings by 3.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,267,251 shares of the financial services provider’s stock worth $28,133,000 after buying an additional 42,949 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Kennedy-Wilson Holdings Inc. (NYSE KW) traded up 1.01% during mid-day trading on Monday, hitting $19.95. The company had a trading volume of 410,112 shares. The stock has a market capitalization of $2.28 billion, a PE ratio of 237.50 and a beta of 1.36. Kennedy-Wilson Holdings Inc. has a 1-year low of $17.95 and a 1-year high of $23.77. The stock has a 50 day moving average price of $19.19 and a 200-day moving average price of $20.47.
Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.27%. The company had revenue of $177.80 million during the quarter, compared to analysts’ expectations of $178.55 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The firm’s revenue was up .7% on a year-over-year basis. On average, analysts forecast that Kennedy-Wilson Holdings Inc. will post ($0.23) earnings per share for the current year.
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A number of research analysts have recently issued reports on KW shares. Deutsche Bank AG reduced their price objective on Kennedy-Wilson Holdings from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. JMP Securities cut Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. BidaskClub cut Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. Finally, BTIG Research reaffirmed a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.50.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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