Old West Investment Management LLC Sells 99,367 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Old West Investment Management LLC decreased its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 593,261 shares of the financial services provider’s stock after selling 99,367 shares during the period. Kennedy-Wilson makes up about 2.4% of Old West Investment Management LLC’s investment portfolio, making the stock its 19th largest holding. Old West Investment Management LLC’s holdings in Kennedy-Wilson were worth $6,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of Kennedy-Wilson by 1,238.7% in the first quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock valued at $6,047,000 after purchasing an additional 652,116 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Kennedy-Wilson by 225.7% in 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 purchasing an additional 426,495 shares in the last quarter. ProShare Advisors LLC increased its stake in Kennedy-Wilson by 31.1% in the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock valued at $7,448,000 after buying an additional 205,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Kennedy-Wilson by 156.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider’s stock worth $3,113,000 after buying an additional 195,300 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Kennedy-Wilson during the 2nd quarter worth about $1,721,000. 87.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. boosted their price target on 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 Up 2.1 %

KW stock opened at $11.10 on Wednesday. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $13.27. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -4.14, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. The company has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $10.32. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.12. The company had revenue of $132.00 million for the quarter, compared to the consensus estimate of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities 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.