NGAM Advisors L.P. Lowers Stake in Kennedy-Wilson Holdings Inc. (KW)
NGAM Advisors L.P. decreased its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 48.2% during the second quarter, Holdings Channel reports. The institutional investor owned 71,679 shares of the financial services provider’s stock after selling 66,816 shares during the period. NGAM Advisors L.P.’s holdings in Kennedy-Wilson Holdings were worth $1,365,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in Kennedy-Wilson Holdings by 39,149.9% in the first quarter. BlackRock Inc. now owns 6,261,152 shares of the financial services provider’s stock worth $138,997,000 after buying an additional 6,245,200 shares during the last quarter. Ranger Global Real Estate Advisors LLC purchased a new stake in Kennedy-Wilson Holdings during the second quarter worth $13,916,000. Vanguard Group Inc. raised its stake in Kennedy-Wilson Holdings by 10.3% in the first quarter. Vanguard Group Inc. now owns 7,333,057 shares of the financial services provider’s stock worth $162,795,000 after buying an additional 685,496 shares during the last quarter. Mackenzie Financial Corp raised its stake in Kennedy-Wilson Holdings by 81.9% in the first quarter. Mackenzie Financial Corp now owns 1,429,882 shares of the financial services provider’s stock worth $31,743,000 after buying an additional 643,822 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in Kennedy-Wilson Holdings by 27.6% in the first quarter. Fiduciary Management Inc. WI now owns 2,469,450 shares of the financial services provider’s stock worth $54,822,000 after buying an additional 534,060 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kennedy-Wilson Holdings Inc. (NYSE KW) opened at 19.75 on Wednesday. The company’s 50 day moving average is $19.53 and its 200-day moving average is $20.43. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 104.50 and a beta of 1.36. Kennedy-Wilson Holdings Inc. has a 1-year low of $17.95 and a 1-year high of $23.77.
Kennedy-Wilson Holdings (NYSE:KW) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.16. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. The company had revenue of $177.80 million for the quarter, compared to analyst estimates of $178.55 million. During the same period in the prior year, the company posted ($0.02) EPS. Kennedy-Wilson Holdings’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts anticipate that Kennedy-Wilson Holdings Inc. will post ($0.23) earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Deutsche Bank AG cut their target price on shares of Kennedy-Wilson Holdings from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. JMP Securities lowered shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, May 15th. BidaskClub upgraded shares of Kennedy-Wilson Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, BTIG Research restated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson Holdings in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.50.
Kennedy-Wilson Holdings Company Profile
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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