Shanda Asset Management Holdings Ltd buys $68,460,280 stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Shanda Asset Management Holdings Ltd scooped up 2,352,517 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 Aug 11, 2016. The investment management firm now holds a total of 4,631,954 shares of KKR & Co. L.P. which is valued at $68,460,280.KKR & Co. L.P. makes up approximately 11.10% of Shanda Asset Management Holdings Ltd’s portfolio.

Other Hedge Funds, Including , Reservoir Operations reduced its stake in KKR by selling 71,366 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 142,732 shares of KKR which is valued at $2,109,579. KKR & Co. L.P. makes up approx 2.64% of Reservoir Operations’s portfolio.Commonwealth Equity Services Inc reduced its stake in KKR by selling 5,982 shares or 3.28% in the most recent quarter. The Hedge Fund company now holds 176,204 shares of KKR which is valued at $2,577,865. KKR & Co. L.P. makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.Timber Hill boosted its stake in KKR in the latest quarter, The investment management firm added 13,393 additional shares and now holds a total of 31,597 shares of KKR & Co. L.P. which is valued at $462,264. KKR & Co. L.P. makes up approx 0.04% of Timber Hill’s portfolio.Bb&t Securities boosted its stake in KKR in the latest quarter, The investment management firm added 1,450 additional shares and now holds a total of 43,214 shares of KKR & Co. L.P. which is valued at $632,221. KKR & Co. L.P. makes up approx 0.01% of Bb&t Securities’s portfolio.Financial Architects Inc boosted its stake in KKR in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 5,379 shares of KKR & Co. L.P. which is valued at $79,179. KKR & Co. L.P. makes up approx 0.02% of Financial Architects Inc’s portfolio.

KKR & Co. L.P. closed down -0.12 points or -0.80% at $14.97 with 19,92,331 shares getting traded on Tuesday. Post opening the session at $15.12, the shares hit an intraday low of $14.94 and an intraday high of $15.13 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 $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.05. The company had revenue of $576.70 million for the quarter, compared to analysts expectations of $273.70 million. The company’s revenue was up 125.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Many Wall Street Analysts have commented on KKR & Co. L.P.. Credit Suisse Resumed KKR & Co. L.P. on Jul 7, 2016 to “Outperform”, Price Target of the shares are set at $16.

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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