TimesSquare Capital Management LLC Has $65.91 Million Holdings in Kennedy-Wilson Holdings Inc (NYSE:KW)

TimesSquare Capital Management LLC lessened its holdings in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 0.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,006,930 shares of the financial services provider’s stock after selling 1,203 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Kennedy-Wilson were worth $65,912,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kennedy-Wilson by 5.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,344 shares of the financial services provider’s stock worth $706,000 after buying an additional 1,704 shares during the period. Macquarie Group Ltd. raised its stake in shares of Kennedy-Wilson by 11.4% in the 2nd quarter. Macquarie Group Ltd. now owns 56,900 shares of the financial services provider’s stock valued at $1,170,000 after purchasing an additional 5,800 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Kennedy-Wilson by 8.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 710,882 shares of the financial services provider’s stock valued at $14,619,000 after purchasing an additional 53,906 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Kennedy-Wilson by 141.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 493,428 shares of the financial services provider’s stock valued at $10,028,000 after purchasing an additional 289,451 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Kennedy-Wilson by 13.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 116,861 shares of the financial services provider’s stock valued at $2,404,000 after purchasing an additional 13,773 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

KW has been the topic of several recent research reports. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a research note on Thursday, August 8th. ValuEngine downgraded Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th.

Shares of KW traded down $0.19 during midday trading on Tuesday, hitting $22.85. The stock had a trading volume of 412,300 shares, compared to its average volume of 349,590. The company has a 50 day simple moving average of $22.31 and a two-hundred day simple moving average of $21.47. Kennedy-Wilson Holdings Inc has a twelve month low of $17.25 and a twelve month high of $23.50. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 13.66 and a beta of 1.10. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.83 and a quick ratio of 0.83.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.19). Kennedy-Wilson had a net margin of 15.99% and a return on equity of 18.10%. The firm had revenue of $143.00 million during the quarter, compared to analyst estimates of $166.20 million. During the same period in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 23.0% compared to the same quarter last year.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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