Renaissance Technologies LLC Sells 223,100 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Renaissance Technologies LLC trimmed its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 77.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,800 shares of the financial services provider’s stock after selling 223,100 shares during the period. Renaissance Technologies LLC’s holdings in Kennedy-Wilson were worth $640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KW. GAMMA Investing LLC raised its holdings in shares of Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock worth $28,000 after buying an additional 2,029 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Kennedy-Wilson by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,346 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Kennedy-Wilson by 298.1% during the second quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 4,320 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Kennedy-Wilson in the 1st quarter valued at $73,000. Finally, BTG Pactual Global Asset Management Ltd acquired a new stake in shares of Kennedy-Wilson in the 1st quarter valued at $91,000. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

NYSE:KW opened at $10.74 on Wednesday. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -5.45, a P/E/G ratio of 0.67 and a beta of 1.10. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $14.50. The firm’s 50-day simple moving average is $10.78 and its 200 day simple moving average is $9.95.

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

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.47%. The ex-dividend date was Monday, September 30th. Kennedy-Wilson’s dividend payout ratio is currently -24.37%.

Analyst Ratings Changes

A number of research firms recently issued reports on KW. StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. JPMorgan Chase & Co. boosted their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th.

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.