What’s Kennedy-Wilson Holdings, Inc. (KW) Downside After Forming Double Bottom Chart Pattern?

December 8, 2017 - By Vivian Park

Investors sentiment increased to 1.93 in Q2 2017. Its up 0.88, from 1.05 in 2017Q1. It is positive, as 14 investors sold Kennedy-Wilson Holdings, Inc. shares while 29 reduced holdings. 26 funds opened positions while 57 raised stakes. 93.67 million shares or 6.28% more from 88.13 million shares in 2017Q1 were reported.
State Common Retirement Fund owns 92,928 shares for 0% of their portfolio. Old West Invest Management Lc holds 23,254 shares. Tiaa Cref Investment Mgmt Ltd Liability Corp stated it has 442,472 shares. Federated Invsts Pa accumulated 1,920 shares or 0% of the stock. Putnam Invs Ltd Liability accumulated 1.71 million shares or 0.08% of the stock. Timessquare Cap Limited Liability reported 0.43% stake. State Board Of Administration Of Florida Retirement Sys holds 0% or 70,732 shares in its portfolio. The New York-based Amalgamated Bank has invested 0.01% in Kennedy-Wilson Holdings, Inc. (NYSE:KW). Price T Rowe Assocs Md reported 0% in Kennedy-Wilson Holdings, Inc. (NYSE:KW). Deutsche Bank & Trust Ag owns 228,593 shares or 0% of their US portfolio. Neuberger Berman Group Ltd Liability Corporation accumulated 48,977 shares or 0% of the stock. Aperio Grp Ltd has 0% invested in Kennedy-Wilson Holdings, Inc. (NYSE:KW) for 10,025 shares. Hap Trading Ltd Liability Corp holds 0.02% or 23,409 shares in its portfolio. 90 are owned by Meeder Asset. Howe And Rusling accumulated 0% or 40 shares.

The chart of Kennedy-Wilson Holdings, Inc. (KW) shows a double bottom with $17.58 target or 5.00 % below today’s $18.50 share price. The 5 months chart pattern indicates high risk for the $2.80 billion company. It was reported on Dec, 8 by Finviz.com. If the $17.58 price target is reached, the company will be worth $140.10 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.54% or $0.1 during the last trading session, reaching $18.5. About 1.75 million shares traded or 22.83% up from the average. Kennedy-Wilson Holdings, Inc. (NYSE:KW) has risen 1.79% since December 8, 2016 and is uptrending. It has underperformed by 14.91% the S&P500.

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Ratings Coverage

Among 4 analysts covering Kennedy-Wilson Holdings (NYSE:KW), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Kennedy-Wilson Holdings had 10 analyst reports since August 11, 2015 according to SRatingsIntel. BTIG Research maintained the shares of KW in report on Monday, November 6 with “Buy” rating. BTIG Research maintained Kennedy-Wilson Holdings, Inc. (NYSE:KW) on Thursday, June 22 with “Buy” rating. The rating was downgraded by JMP Securities to “Market Perform” on Friday, May 5. The firm has “Hold” rating by Zacks given on Tuesday, August 11. BTIG Research maintained Kennedy-Wilson Holdings, Inc. (NYSE:KW) on Tuesday, June 13 with “Buy” rating. Deutsche Bank downgraded the shares of KW in report on Wednesday, April 26 to “” rating.

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