State of Alaska Department of Revenue Decreases Stock Holdings 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% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of KW. BNP Paribas Financial Markets lifted its holdings in shares of Kennedy-Wilson by 1,238.7% in the first quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock valued at $6,047,000 after purchasing an additional 652,116 shares in the last quarter. ProShare Advisors LLC increased its position in Kennedy-Wilson by 31.1% during the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock worth $7,448,000 after purchasing an additional 205,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Kennedy-Wilson by 156.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider’s stock worth $3,113,000 after purchasing an additional 195,300 shares during the last quarter. Marshall Wace LLP acquired a new position in Kennedy-Wilson during the second quarter worth approximately $1,721,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Kennedy-Wilson by 6,378.2% in the first quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock worth $1,477,000 after acquiring an additional 169,468 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Up 4.6 %

Kennedy-Wilson stock opened at $11.61 on Thursday. The firm’s 50-day moving average is $10.99 and its 200-day moving average is $10.33. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16. Kennedy-Wilson Holdings, Inc. has a 1 year low of $7.85 and a 1 year high of $13.27. The company has a market cap of $1.60 billion, a P/E ratio of -4.33, a PEG ratio of 0.66 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The company had revenue of $132.00 million for the quarter, compared to the consensus estimate of $100.66 million. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, equities analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. StockNews.com downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd.

About Kennedy-Wilson

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.