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StockNews.com Lowers Kennedy-Wilson (NYSE:KW) to Sell

Defense World ·  Sep 21, 2022 02:11

Kennedy-Wilson (NYSE:KW – Get Rating) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

Kennedy-Wilson Price Performance

NYSE KW opened at $16.99 on Wednesday. The stock's 50-day moving average price is $19.10 and its two-hundred day moving average price is $20.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 4.09. The company has a market cap of $2.34 billion, a PE ratio of 18.67, a PEG ratio of 4.27 and a beta of 1.13. Kennedy-Wilson has a 1 year low of $16.91 and a 1 year high of $25.30.

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Insider Buying and Selling at Kennedy-Wilson

In other Kennedy-Wilson news, President Mary Ricks sold 61,522 shares of Kennedy-Wilson stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $19.36, for a total transaction of $1,191,065.92. Following the transaction, the president now owns 2,142,961 shares of the company's stock, valued at approximately $41,487,724.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kennedy-Wilson news, President Mary Ricks sold 61,522 shares of Kennedy-Wilson stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $19.36, for a total transaction of $1,191,065.92. Following the transaction, the president now owns 2,142,961 shares of the company's stock, valued at approximately $41,487,724.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stanley R. Zax purchased 35,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average cost of $18.15 per share, with a total value of $635,250.00. Following the purchase, the director now owns 458,800 shares in the company, valued at approximately $8,327,220. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Institutional Investors Weigh In On Kennedy-Wilson

Several large investors have recently made changes to their positions in the company. Allworth Financial LP bought a new stake in Kennedy-Wilson during the first quarter worth approximately $25,000. Federated Hermes Inc. bought a new stake in Kennedy-Wilson during the second quarter worth approximately $33,000. Steward Partners Investment Advisory LLC boosted its position in Kennedy-Wilson by 47.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,466 shares of the financial services provider's stock worth $36,000 after purchasing an additional 473 shares during the period. Fieldpoint Private Securities LLC boosted its position in Kennedy-Wilson by 162.6% during the first quarter. Fieldpoint Private Securities LLC now owns 1,594 shares of the financial services provider's stock worth $39,000 after purchasing an additional 987 shares during the period. Finally, Hanson & Doremus Investment Management bought a new stake in Kennedy-Wilson during the first quarter worth approximately $60,000. Institutional investors own 80.12% of the company's stock.

Kennedy-Wilson Company Profile

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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.

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