SG Americas Securities LLC Sells 10,829 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

SG Americas Securities LLC lessened its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,899 shares of the financial services provider’s stock after selling 10,829 shares during the quarter. SG Americas Securities LLC’s holdings in Kennedy-Wilson were worth $169,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP boosted its stake in shares of Kennedy-Wilson by 6.5% in the 3rd quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider’s stock valued at $99,161,000 after purchasing an additional 544,495 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Kennedy-Wilson by 225.7% during the third quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider’s stock valued at $6,801,000 after acquiring an additional 426,495 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Kennedy-Wilson by 183.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock worth $3,274,000 after acquiring an additional 191,790 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of Kennedy-Wilson in the 3rd quarter worth about $1,996,000. Finally, Barclays PLC lifted its stake in shares of Kennedy-Wilson by 265.2% in the 3rd quarter. Barclays PLC now owns 192,837 shares of the financial services provider’s stock valued at $2,130,000 after purchasing an additional 140,039 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Performance

Shares of KW stock opened at $8.99 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a fifty day simple moving average of $9.87 and a two-hundred day simple moving average of $10.53. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $11.88. The firm has a market capitalization of $1.24 billion, a PE ratio of -3.48, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Company Profile

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.