Prem Watsa (Trades, Portfolio), considered the "Canadian Warren Buffett (Trades, Portfolio)," made a large increase in a small holding he has not touched in three years, according to GuruFocus Real Time Picks.
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This Powerful Chart Made Peter Lynch 29% A Year For 13 Years
The CEO of Fairfax Financial Holdings boosted his stake in Kennedy-Wilson Holdings Inc. (KW) to 11,500,072 shares, a 2,775% increase from the 400,000 shares he held since the second quarter of 2011. The holding represents 12.13% of the company.
Kennedy Wilson is a vertically integrated global real estate investment and services company based in California. The company's stock climbed 16.2% over the past year to close at $27.90 on Wednesday, after reaching its historic peak of $28.33 on Tuesday.
For the third quarter, Kennedy Wilson reported revenue of $113.7 million, up from $33.5 million in the same period a year ago, driven by an increase in rental and hotel revenue. It also had a net loss of $2.2 million or $0.04 per basic and diluted share, compared to a loss of $4.1 million or $0.06 per basic and diluted share for the same period a year ago.
Over the past five years, Kennedy Wilson has shown an average annual revenue decline rate of 12.9% per share, an EBITDA growth rate of 117.2%, free cash flow growth rate of 9.5% and book value growth rate of 17.4%.
The company has a market cap of $2.66 billion, a P/E ratio of 67.4, P/B ratio of 2.8 and P/S ratio of 9.1.
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This article first appeared on GuruFocus.