Delek Group Ltd. reduced its stake in Kenon Holdings Ltd (NYSE:KEN) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,766 shares of the utilities provider’s stock after selling 1,635 shares during the quarter. Delek Group Ltd.’s holdings in Kenon were worth $306,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in KEN. Altshuler Shaham Ltd raised its holdings in shares of Kenon by 22.0% in the second quarter. Altshuler Shaham Ltd now owns 221,072 shares of the utilities provider’s stock worth $4,728,000 after acquiring an additional 39,861 shares during the last quarter. Swiss National Bank grew its position in shares of Kenon by 41.3% in the second quarter. Swiss National Bank now owns 40,061 shares of the utilities provider’s stock valued at $848,000 after purchasing an additional 11,704 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Kenon by 103.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,675 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 1,873 shares during the period. Finally, Norges Bank purchased a new stake in shares of Kenon in the fourth quarter valued at $2,639,000. Institutional investors own 1.82% of the company’s stock.
KEN stock opened at $19.70 on Friday. Kenon Holdings Ltd has a 12-month low of $13.67 and a 12-month high of $21.70. The stock has a 50-day moving average price of $20.84 and a two-hundred day moving average price of $20.08. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.22 and a quick ratio of 3.22.
Separately, ValuEngine downgraded Kenon from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
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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