Springhouse Capital Management Lp buys $5,499,147 stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Springhouse Capital Management Lp scooped up 72,000 additional shares in KKR & Co. L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 417,551 shares of KKR & Co. L.P. which is valued at $5,499,147.KKR & Co. L.P. makes up approximately 2.86% of Springhouse Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Cambridge Investment Research Advisors boosted its stake in KKR in the latest quarter, The investment management firm added 3,782 additional shares and now holds a total of 48,680 shares of KKR & Co. L.P. which is valued at $641,116. KKR & Co. L.P. makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Jackson Wealth Management reduced its stake in KKR by selling 3,804 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 211,211 shares of KKR which is valued at $2,781,649. KKR & Co. L.P. makes up approx 1.07% of Jackson Wealth Management’s portfolio. Quantbot Technologies Lp added KKR to its portfolio by purchasing 10,755 company shares during the most recent quarter which is valued at $146,268. KKR & Co. L.P. makes up approx 0.02% of Quantbot Technologies Lp’s portfolio.Private Wealth Partners reduced its stake in KKR by selling 98,840 shares or 23.71% in the most recent quarter. The Hedge Fund company now holds 318,009 shares of KKR which is valued at $4,324,922. KKR & Co. L.P. makes up approx 1.03% of Private Wealth Partners’s portfolio.

KKR & Co. L.P. closed down -0.05 points or -0.38% at $13 with 33,04,476 shares getting traded on Tuesday. Post opening the session at $13.05, the shares hit an intraday low of $12.99 and an intraday high of $13.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, KKR & Co. L.P. reported $-0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.32 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.33. The company had revenue of $162.80 million for the quarter, compared to analysts expectations of $267.41 million. The company’s revenue was down -44.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on KKR & Co. L.P.. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .KKR & Co. L.P. was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 17, 2016. Shares were Reiterated by Barclays on Feb 12, 2016 to “Overweight” and Lowered the Price Target to $ 16 from a previous price target of $18 .

KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes including private equity energy infrastructure real estate credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors and provides capital markets services to its firm its portfolio companies and third parties. The Company operates through three segments: Private Markets Public Markets Capital Markets and Other and Client & Partner Group. Through Private Markets segment the Company manages and sponsors a group of private equity funds and co-investment vehicles that invest capital for long-term appreciation either through controlling ownership of a company or strategic minority positions. The Company operates its combined credit and hedge funds businesses through the Public Markets segment. The Capital Markets and Other segment consist primarily of KKR’s global capital markets business.

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