Kenon (NYSE:KEN) Hits New 52-Week High – Time to Buy?

Kenon Holdings Ltd. (NYSE:KEN) hit a new 52-week high during trading on Friday . The company traded as high as $34.38 and last traded at $34.14, with a volume of 4362 shares changing hands. The stock had previously closed at $33.80.

Kenon Price Performance

The firm has a market capitalization of $1.84 billion, a P/E ratio of 10.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. The stock has a 50 day moving average of $32.02 and a two-hundred day moving average of $29.50.

Institutional Trading of Kenon

A number of institutional investors and hedge funds have recently modified their holdings of KEN. BNP Paribas Financial Markets raised its holdings in Kenon by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after acquiring an additional 900 shares during the period. Barclays PLC increased its stake in shares of Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 4,445 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Kenon by 25.7% during the 4th quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 4,632 shares during the last quarter. Anfield Capital Management LLC boosted its stake in Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 4,669 shares during the period. Finally, Y.D. More Investments Ltd grew its holdings in Kenon by 2.8% in the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock valued at $6,885,000 after buying an additional 5,705 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

About Kenon

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.