Acadian Asset Management LLC Decreases Stake in Kenon Holdings Ltd.

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Kenon Holdings ($NYSE:KEN) Ltd. has recently seen a decrease in its holdings, as Acadian Asset Management LLC has decided to reduce its stake in the company. Kenon Holdings is an Israeli-based holding company with a range of businesses in the energy and infrastructure sectors. The company focuses on the development and exploration of energy resources, as well as the construction and operation of infrastructure projects. Kenon Holdings operates through three business segments: Energy, Infrastructure, and Others. These segments provide services such as energy exploration, production, and development; construction and operation of infrastructure projects; and other related activities.

Additionally, the company’s investments include a portfolio of public and private equity securities as well as private debt instruments. Kenon Holdings also owns and operates two publicly traded companies: Clal Insurance Company Ltd. and Shikun & Binui Ltd. Clal Insurance provides life, health, property, engineering, and marine insurance services in Israel. Shikun & Binui is a leading Israeli construction, infrastructure, and energy company that provides a range of services including engineering, project management, construction, and operation of infrastructure projects. With this recent decrease in holdings, Kenon Holdings will be looking to shift its focus to increase profitability and further expand its business operations.

Price History

On Monday, the KENON HOLDINGS stock opened at $21.7 and closed at $21.5, down by 2.2% from the previous closing price of $22.0. This drop in the company’s stock price comes shortly after Acadian Asset Management LLC’s decision to reduce their stake in the company. This is likely to have a temporary effect on KENON HOLDINGS’ stock price, but the long-term effects remain to be seen. Looking ahead, investors will be interested to see how Kenon Holdings Ltd. responds to the sale of the shares and how they react to market conditions in order to determine their future performance. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Kenon Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Kenon Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Kenon Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Kenon Holdings are shown below. More…

Analysis

GoodWhale analyzed KENON HOLDINGS‘s financials and found that the company is in good shape with a health score of 8/10. This is based on the Star Chart, which evaluates cashflows and debt to determine the company’s ability to sustain future operations in times of crisis. KENON HOLDINGS has earned the title of ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. With its strong dividend and medium asset, growth, and profitability, KENON HOLDINGS is an attractive option for investors looking for high returns. The company is able to pay out dividends while also having the potential for capital gains due to its growth potential. The lower profitability and stability of the company may raise some red flags to more risk-averse investors, but its high health score should provide some assurance. More…

Peers

Kenon Holdings Ltd faces a highly competitive market, with several competitors such as B.Grimm Power PCL, Electricity Generating PCL, and Ze Pak SA vying for market share. Despite the fiercely competitive landscape, Kenon Holdings Ltd continues to excel by providing innovative products and services to its customers.

– B.Grimm Power PCL ($SET:BGRIM)

B.Grimm Power PCL is a leading energy and infrastructure development company based in Thailand and has operations across Asia. The company has a strong presence in the energy sector, with a focus on renewable and conventional energy production, and infrastructure projects. Its current market capitalization stands at 104.28B and has a Return on Equity (ROE) of 5.85%. This indicates that the company enjoys a healthy financial standing and is able to generate returns for its shareholders. B.Grimm Power PCL is also aiming to expand its power generation capacity and increase its presence in the renewable energy sector.

– Electricity Generating PCL ($SET:EGCO)

Electricity Generating PCL is a Thailand based electric power generating company that has been in business since 1992. It is one of the largest electric power generating companies in Southeast Asia and is listed on the Stock Exchange of Thailand. As of 2023, the company has a market capitalization of 82.13 billion baht, making it one of the largest companies on the exchange. Additionally, Electricity Generating PCL has a Return on Equity (ROE) of 3.31%, which is considered to be above average. This shows that the company is able to generate a healthy return on its equity and shareholders have benefited from this in the form of steady dividend payments.

– Ze Pak SA ($LTS:0QBJ)

Pak SA is a South-African based company that specializes in consumer packaged goods. It is one of the leading companies in the country, and its market cap has grown significantly over the years. As of 2023, the market cap of Pak SA stands at 216.33M, indicating a strong presence in the market. Its Return on Equity (ROE) stands at -13.64%, which implies that the company is not generating an adequate return from its invested capital. Nevertheless, Pak SA has been able to maintain a positive reputation in the consumer packaged goods sector.

Summary

Kenon Holdings Ltd. recently experienced a decrease in holdings from Acadian Asset Management LLC, an asset management company. Investors have been closely analyzing Kenon Holdings Ltd.’s financial performance and have taken notice of its declining stock price in recent months. Analysts have attributed the decline to a decrease in earnings and lowered guidance. Investors are keeping a close eye on the company to see if it can continue to post positive results.