Public Sector Pension Investment Board Buys 62,584 Shares of Kennedy-Wilson Holdings Inc. $KW

Public Sector Pension Investment Board lifted its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 15.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 468,003 shares of the financial services provider’s stock after acquiring an additional 62,584 shares during the period. Public Sector Pension Investment Board’s holdings in Kennedy-Wilson were worth $3,894,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Kennedy-Wilson by 10.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,740 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 1,645 shares during the period. AlphaQuest LLC grew its holdings in shares of Kennedy-Wilson by 4.9% during the 3rd quarter. AlphaQuest LLC now owns 43,551 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 2,047 shares in the last quarter. CWM LLC increased its position in shares of Kennedy-Wilson by 98.9% during the third quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 2,327 shares during the period. Inscription Capital LLC increased its position in shares of Kennedy-Wilson by 18.2% during the third quarter. Inscription Capital LLC now owns 17,096 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 2,628 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kennedy-Wilson by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,577 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 2,952 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kennedy-Wilson Stock Up 0.3%

Shares of NYSE:KW opened at $10.90 on Friday. The company’s fifty day moving average is $9.92 and its 200-day moving average is $9.07. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.24 and a current ratio of 1.24. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $10.95. The company has a market capitalization of $1.50 billion, a PE ratio of -41.92 and a beta of 1.02.

Kennedy-Wilson Profile

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.