abrdn plc Buys 2,166 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

abrdn plc raised its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 10.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 22,699 shares of the financial services provider’s stock after purchasing an additional 2,166 shares during the period. abrdn plc’s holdings in Kennedy-Wilson were worth $251,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Kennedy-Wilson by 229.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 2,029 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Kennedy-Wilson by 68.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,346 shares in the last quarter. Quarry LP acquired a new stake in shares of Kennedy-Wilson during the 2nd quarter worth approximately $45,000. Nisa Investment Advisors LLC increased its stake in shares of Kennedy-Wilson by 298.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 4,320 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Kennedy-Wilson during the 1st quarter valued at $73,000. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Price Performance

Shares of KW opened at $11.10 on Wednesday. The business’s fifty day moving average is $10.98 and its 200 day moving average is $10.32. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $13.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67. The stock has a market cap of $1.53 billion, a P/E ratio of -4.14, a P/E/G ratio of 0.65 and a beta of 1.10.

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

Wall Street Analyst Weigh In

KW has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd.

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.