Kennedy-Wilson (NYSE:KW) Trading 8.6% Higher – Should You Buy?

Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) rose 8.6% during mid-day trading on Thursday . The stock traded as high as $9.97 and last traded at $9.96. Approximately 63,214 shares were traded during trading, a decline of 88% from the average daily volume of 510,596 shares. The stock had previously closed at $9.17.

Analysts Set New Price Targets

Several analysts have recently weighed in on KW shares. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a “hold” rating and a $9.00 price target on the stock.

Kennedy-Wilson Price Performance

The company has a market cap of $1.33 billion, a price-to-earnings ratio of -3.77, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The business has a 50-day moving average price of $9.29 and a 200 day moving average price of $10.39.

Hedge Funds Weigh In On Kennedy-Wilson

A number of hedge funds and other institutional investors have recently modified their holdings of KW. Royce & Associates LP boosted its holdings in shares of Kennedy-Wilson by 3.6% in the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider’s stock worth $92,903,000 after buying an additional 325,737 shares during the period. Geode Capital Management LLC lifted its position in shares of Kennedy-Wilson by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider’s stock valued at $31,599,000 after acquiring an additional 20,500 shares in the last quarter. Alberta Investment Management Corp boosted its stake in Kennedy-Wilson by 17.5% in the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock worth $26,477,000 after purchasing an additional 395,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in Kennedy-Wilson by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider’s stock worth $19,756,000 after purchasing an additional 64,352 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Kennedy-Wilson by 18.2% during the 4th quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider’s stock valued at $15,704,000 after purchasing an additional 241,943 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Company 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.