Matthew 25 Management Corp Lowers stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Matthew 25 Management Corp reduced its stake in KKR & Co. L.P. by 13.16% during the most recent quarter end. The investment management company now holds a total of 1,650,000 shares of KKR & Co. L.P. which is valued at $20.9 Million after selling 250,000 shares in KKR & Co. L.P. , the firm said in a disclosure report filed with the SEC on May 13, 2016.KKR & Co. L.P. makes up approximately 5.39% of Matthew 25 Management Corp’s portfolio.

Other Hedge Funds, Including , Levin Capital Strategies boosted its stake in KKR in the latest quarter, The investment management firm added 2,106,685 additional shares and now holds a total of 2,497,782 shares of KKR & Co. L.P. which is valued at $31.6 Million. KKR & Co. L.P. makes up approx 0.57% of Levin Capital Strategies’s portfolio.Findlay Park Partners Llp boosted its stake in KKR in the latest quarter, The investment management firm added 453,420 additional shares and now holds a total of 12,203,420 shares of KKR & Co. L.P. which is valued at $154.6 Million. KKR & Co. L.P. makes up approx 1.74% of Findlay Park Partners Llp’s portfolio.Harel Insurance Investments Financial Services Ltd. reduced its stake in KKR by selling 100 shares or 10.36% in the most recent quarter. The Hedge Fund company now holds 865 shares of KKR which is valued at $11,392. American Century Companies Inc sold out all of its stake in KKR during the most recent quarter. The investment firm sold 44,467 shares of KKR which is valued $585,630.Strategy Asset Managers reduced its stake in KKR by selling 2,888 shares or 19.99% in the most recent quarter. The Hedge Fund company now holds 11,556 shares of KKR which is valued at $157,162. KKR & Co. L.P. makes up approx 0.04% of Strategy Asset Managers’s portfolio.

KKR & Co. L.P. opened for trading at $13.39 and hit $13.71 on the upside on Wednesday, eventually ending the session at $13.57, with a gain of 1.42% or 0.19 points. The heightened volatility saw the trading volume jump to 40,73,056 shares. Company has a market cap of $6,086 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.

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