Meitav Dash Investments Ltd. cut its stake in shares of Kenon Holdings Ltd (NYSE:KEN) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,663 shares of the utilities provider’s stock after selling 6,196 shares during the quarter. Meitav Dash Investments Ltd. owned approximately 0.16% of Kenon worth $1,708,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in KEN. Bank of America Corp DE boosted its holdings in Kenon by 34.5% in the fourth quarter. Bank of America Corp DE now owns 4,001 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 1,026 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Kenon by 30.8% in the 2nd quarter. Swiss National Bank now owns 54,625 shares of the utilities provider’s stock valued at $1,075,000 after buying an additional 12,862 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Kenon in the first quarter worth about $199,000. 1.09% of the stock is owned by institutional investors.
Shares of KEN traded down $0.31 during trading hours on Thursday, hitting $20.59. The stock had a trading volume of 2,800 shares, compared to its average volume of 1,050. The firm has a 50-day moving average price of $20.15 and a 200 day moving average price of $18.58. Kenon Holdings Ltd has a fifty-two week low of $10.56 and a fifty-two week high of $23.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.79 and a current ratio of 1.79.
Kenon (NYSE:KEN) last released its quarterly earnings data on Monday, June 1st. The utilities provider reported $0.28 earnings per share for the quarter. The company had revenue of $89.00 million during the quarter. Kenon had a net margin of 3.73% and a negative return on equity of 1.10%.
Separately, ValuEngine cut Kenon from a “hold” rating to a “sell” rating in a research report on Wednesday, June 3rd.
Kenon Holdings Ltd., through its subsidiaries, owns, develops, and operates power generation facilities in Israel. It operates through OPC, Qoros, and Other segments. The company's power generation plants operate on natural gas and diesel. It also designs, manufactures, sells, and services passenger vehicles, parts, and accessories through a network of independent authorized retail dealers in China.
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