A Director at Kennedy-Wilson (NYSE: KW) is Buying Shares

By Carrie Williams

Today, a Director at Kennedy-Wilson (NYSE: KW), Stanley Zax, bought shares of KW for $959K.

Following this transaction Stanley Zax’s holding in the company was increased by 19.98% to a total of $5.75 million. Following Stanley Zax’s last KW Buy transaction on June 14, 2016, the stock climbed by 1.1%.

Based on Kennedy-Wilson’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $277 million and GAAP net loss of $9.1 million. In comparison, last year the company earned revenue of $174 million and had a GAAP net loss of $2.4 million. KW’s market cap is $2.2B and the company has a P/E ratio of 142.38. The company has a one-year high of $22.65 and a one-year low of $17.95.

Five different firms, including B.Riley FBR and Merrill Lynch, currently also have a Buy rating on the stock.

Stanley Zax’s trades have generated a 13.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Prospect Acquisition Corp. is a blank check development stage company formed for the purpose of acquiring a business through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and other similar business combination. The company was founded on July 9, 2007 and is headquartered in Naples, FL.