UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,911 Shares of Kenon Holdings Ltd. (NYSE:KEN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Kenon Holdings Ltd. (NYSE:KEN) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,868 shares of the utilities provider’s stock after selling 1,911 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kenon were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KEN. BNP Paribas Financial Markets grew its position in Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 900 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Kenon during the third quarter worth $504,000. Y.D. More Investments Ltd purchased a new stake in shares of Kenon during the second quarter valued at $4,371,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Kenon by 3.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider’s stock valued at $76,251,000 after acquiring an additional 97,256 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Price Performance

Shares of NYSE KEN opened at $29.66 on Friday. Kenon Holdings Ltd. has a 52 week low of $19.63 and a 52 week high of $31.26. The business’s 50 day moving average price is $28.93 and its 200 day moving average price is $26.54. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.60 billion, a P/E ratio of 9.27 and a beta of 1.44.

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.