StockNews.com Upgrades Kennedy-Wilson (NYSE:KW) to Hold

Kennedy-Wilson (NYSE:KW) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Kennedy-Wilson Price Performance

KW stock opened at $9.73 on Tuesday. Kennedy-Wilson has a fifty-two week low of $7.85 and a fifty-two week high of $17.43. The company has a market cap of $1.34 billion, a P/E ratio of -4.94 and a beta of 1.10. The stock’s 50 day simple moving average is $9.68 and its 200 day simple moving average is $9.85. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.44 and a current ratio of 1.44.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.92. Kennedy-Wilson had a negative return on equity of 7.88% and a negative net margin of 41.31%. The firm had revenue of $136.40 million during the quarter. On average, research analysts expect that Kennedy-Wilson will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kennedy-Wilson

Several large investors have recently modified their holdings of the business. Gladius Capital Management LP boosted its holdings in Kennedy-Wilson by 313.0% in the 4th quarter. Gladius Capital Management LP now owns 2,185 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,656 shares during the period. Quadrant Capital Group LLC raised its position in shares of Kennedy-Wilson by 131.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,259 shares in the last quarter. Simplex Trading LLC bought a new stake in Kennedy-Wilson during the fourth quarter valued at $34,000. EntryPoint Capital LLC purchased a new position in Kennedy-Wilson during the first quarter worth about $73,000. Finally, BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Kennedy-Wilson in the 1st quarter valued at about $91,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.