Kennedy-Wilson Holdings Inc. $KW Shares Acquired by Old West Investment Management LLC

Old West Investment Management LLC grew its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 877,380 shares of the financial services provider’s stock after purchasing an additional 150,950 shares during the period. Kennedy-Wilson makes up about 1.7% of Old West Investment Management LLC’s portfolio, making the stock its 22nd biggest holding. Old West Investment Management LLC’s holdings in Kennedy-Wilson were worth $7,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elkhorn Partners Limited Partnership raised its stake in Kennedy-Wilson by 1.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 4,251,400 shares of the financial services provider’s stock valued at $28,910,000 after buying an additional 43,400 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kennedy-Wilson by 4.1% during the second quarter. Geode Capital Management LLC now owns 3,095,587 shares of the financial services provider’s stock valued at $21,051,000 after acquiring an additional 122,357 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Kennedy-Wilson by 16.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,794,325 shares of the financial services provider’s stock valued at $19,001,000 after purchasing an additional 385,561 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Kennedy-Wilson by 8,688.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,306,474 shares of the financial services provider’s stock worth $9,039,000 after purchasing an additional 1,291,608 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Kennedy-Wilson by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,058,695 shares of the financial services provider’s stock worth $7,199,000 after purchasing an additional 64,889 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Performance

NYSE KW opened at $9.94 on Friday. Kennedy-Wilson Holdings Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $10.11. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.37 billion, a P/E ratio of -38.23 and a beta of 1.02. The stock has a 50-day simple moving average of $9.81 and a two-hundred day simple moving average of $8.88.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KW. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kennedy-Wilson in a report on Monday, December 29th. Wall Street Zen lowered Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $11.00 price target on shares of Kennedy-Wilson in a research note on Thursday, December 18th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Kennedy-Wilson presently has a consensus rating of “Sell” and a consensus price target of $10.00.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.