Elkhorn Partners Limited Partnership buys $80.6 Million stake in Kennedy-Wilson Holdings Inc (KW)

Kennedy-Wilson Holdings Inc (KW) : Elkhorn Partners Limited Partnership scooped up 155,500 additional shares in Kennedy-Wilson Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,029,500 shares of Kennedy-Wilson Holdings Inc which is valued at $80.6 Million.Kennedy-Wilson Holdings Inc makes up approximately 44.65% of Elkhorn Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , Keeley Asset Management Corp added KW to its portfolio by purchasing 978,525 company shares during the most recent quarter which is valued at $19.6 Million. Kennedy-Wilson Holdings Inc makes up approx 0.75% of Keeley Asset Management Corp’s portfolio.Comerica Bank reduced its stake in KW by selling 36,885 shares or 10.2% in the most recent quarter. The Hedge Fund company now holds 324,720 shares of KW which is valued at $6.5 Million. Kennedy-Wilson Holdings Inc makes up approx 0.06% of Comerica Bank’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in KW in the latest quarter, The investment management firm added 68,146 additional shares and now holds a total of 2,371,180 shares of Kennedy-Wilson Holdings Inc which is valued at $47.4 Million. Kennedy-Wilson Holdings Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Hillsdale Investment Management sold out all of its stake in KW during the most recent quarter. The investment firm sold 2,500 shares of KW which is valued $50,025.Los Angeles Capital Management Equity Research Inc boosted its stake in KW in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 20,905 shares of Kennedy-Wilson Holdings Inc which is valued at $420,191.

Kennedy-Wilson Holdings Inc opened for trading at $21.19 and hit $21.28 on the upside on Wednesday, eventually ending the session at $21.21, with a gain of 0.47% or 0.1 points. The heightened volatility saw the trading volume jump to 3,09,186 shares. Company has a market cap of $2,411 M.

On the company’s financial health, Kennedy-Wilson Holdings Inc reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.15. The company had revenue of $172.10 million for the quarter, compared to analysts expectations of $158.38 million. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Kennedy-Wilson Holdings Inc. is a global real estate investment and services company. The Company owns and operates real estate related investments. The Company holds around 61.5% interest in Vintage Housing Holdings LLC (VHH). VHH owns certain interests in around 30 multi-family properties totaling approximately 5485 units. The Company owns around 163 mixed-use properties located throughout the United Kingdom. It operates in two business segments: KW Investments and KW Services. KW Investments invests its capital in real estate-related assets. KW Services provides an array of real estate-related services to the Company and its investment partners third-party owners and lenders with a focus on financial institution based clients. The Company invests its capital in real estate assets and loans secured by real estate either on its own or with partners through publicly traded companies joint ventures separate accounts or funds.

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