Hara Capital LLC Cuts Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Hara Capital LLC cut its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 23.4% in the third quarter, Holdings Channel reports. The institutional investor owned 98,907 shares of the financial services provider’s stock after selling 30,260 shares during the quarter. Hara Capital LLC’s holdings in Kennedy-Wilson were worth $1,093,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KW. Texas Permanent School Fund Corp boosted its stake in shares of Kennedy-Wilson by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 103,185 shares of the financial services provider’s stock worth $885,000 after acquiring an additional 1,309 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Kennedy-Wilson by 68.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,346 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Kennedy-Wilson by 2.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 52,734 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 1,352 shares during the last quarter. Delta Investment Management LLC grew its holdings in shares of Kennedy-Wilson by 6.1% during the second quarter. Delta Investment Management LLC now owns 26,071 shares of the financial services provider’s stock worth $253,000 after buying an additional 1,500 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Kennedy-Wilson by 229.3% in the second quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after buying an additional 2,029 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Trading Down 5.8 %

Kennedy-Wilson stock traded down $0.67 during mid-day trading on Thursday, hitting $10.94. The company’s stock had a trading volume of 107,963 shares, compared to its average volume of 946,159. The stock’s fifty day moving average is $10.99 and its two-hundred day moving average is $10.33. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. The firm has a market capitalization of $1.50 billion, a PE ratio of -4.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. Kennedy-Wilson Holdings, Inc. has a 1 year low of $7.85 and a 1 year high of $13.27.

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

Kennedy-Wilson 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.