Davis Capital Partners buys $19.6 Million stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Davis Capital Partners scooped up 550,000 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 12, 2016. The investment management firm now holds a total of 1,550,000 shares of KKR & Co. L.P. which is valued at $19.6 Million.KKR & Co. L.P. makes up approximately 3.56% of Davis Capital Partners’s portfolio.

Other Hedge Funds, Including , Brave Asset Management Inc boosted its stake in KKR in the latest quarter, The investment management firm added 6,200 additional shares and now holds a total of 33,700 shares of KKR & Co. L.P. which is valued at $426,979. KKR & Co. L.P. makes up approx 0.31% of Brave Asset Management Inc’s portfolio.Segment Wealth Management reduced its stake in KKR by selling 2,637 shares or 17.08% in the most recent quarter. The Hedge Fund company now holds 12,804 shares of KKR which is valued at $162,227. KKR & Co. L.P. makes up approx 0.06% of Segment Wealth Management’s portfolio.Blackrock Fund Advisors boosted its stake in KKR in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 14,725 shares of KKR & Co. L.P. which is valued at $186,566. Dubuque Bank Trust Co sold out all of its stake in KKR during the most recent quarter. The investment firm sold 3,105 shares of KKR which is valued $40,893.California Public Employees Retirement System reduced its stake in KKR by selling 32,300 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 1,028,430 shares of KKR which is valued at $13.5 Million. KKR & Co. L.P. makes up approx 0.02% of California Public Employees Retirement System’s portfolio.

KKR & Co. L.P. opened for trading at $12.92 and hit $13.27 on the upside on Friday, eventually ending the session at $13.05, with a gain of 1.79% or 0.23 points. The heightened volatility saw the trading volume jump to 29,78,864 shares. Company has a market cap of $5,853 M.

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.

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.

Leave a Reply

KKR & Co. L.P. - Is it time to Sell?

Top Brokerage Firms are advising their investors on KKR & Co. L.P.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.