Kennedy-Wilson (NYSE:KW) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Kennedy-Wilson Holdings Inc. (NYSE:KW) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.99 and traded as high as $9.94. Kennedy-Wilson shares last traded at $9.9050, with a volume of 556,039 shares trading hands.

Wall Street Analyst Weigh In

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

Kennedy-Wilson Stock Up 1.9%

The company has a debt-to-equity ratio of 5.99, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $9.83 and a 200 day moving average of $8.99. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -38.10 and a beta of 1.02.

Institutional Trading of Kennedy-Wilson

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Kennedy-Wilson by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,724,378 shares of the financial services provider’s stock valued at $45,686,000 after acquiring an additional 131,145 shares during the period. Mackenzie Financial Corp lifted its stake in Kennedy-Wilson by 0.7% in the 3rd quarter. Mackenzie Financial Corp now owns 4,438,912 shares of the financial services provider’s stock valued at $36,932,000 after purchasing an additional 29,241 shares during the last quarter. Elkhorn Partners Limited Partnership grew its holdings in Kennedy-Wilson by 1.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 4,251,400 shares of the financial services provider’s stock worth $28,910,000 after purchasing an additional 43,400 shares during the period. Geode Capital Management LLC increased its position in Kennedy-Wilson by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 3,125,167 shares of the financial services provider’s stock worth $30,224,000 after buying an additional 33,798 shares during the last quarter. Finally, Alberta Investment Management Corp raised its stake in Kennedy-Wilson by 7.3% in the third quarter. Alberta Investment Management Corp now owns 2,845,077 shares of the financial services provider’s stock valued at $23,671,000 after buying an additional 194,755 shares during the period. 87.72% of the stock is owned by institutional investors.

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.