The CEO of Kennedy-Wilson (NYSE: KW) is Buying Shares

By Carrie Williams

Today, the CEO of Kennedy-Wilson (NYSE: KW), William Mcmorrow, bought shares of KW for $959K.

Following William Mcmorrow’s last KW Buy transaction on June 14, 2016, the stock climbed by 1.1%. In addition to William Mcmorrow, one other KW executive reported Buy trades in the last month.

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 $2.19B 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.

The insider sentiment on Kennedy-Wilson has been positive according to 37 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.