Algebris Investments (uk) Llp Lowers stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Algebris Investments (uk) Llp reduced its stake in KKR & Co. L.P. by 9.77% during the most recent quarter end. The investment management company now holds a total of 1,035,270 shares of KKR & Co. L.P. which is valued at $13.1 Million after selling 112,050 shares in KKR & Co. L.P. , the firm said in a disclosure report filed with the SEC on May 12, 2016.KKR & Co. L.P. makes up approximately 7.32% of Algebris Investments (uk) Llp’s portfolio.

Other Hedge Funds, Including , Hap Trading added KKR to its portfolio by purchasing 23,610 company shares during the most recent quarter which is valued at $299,139. KKR & Co. L.P. makes up approx 0.03% of Hap Trading’s portfolio.Keybank National Associationoh reduced its stake in KKR by selling 319 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 22,775 shares of KKR which is valued at $288,559.Shanda Payment Holdings Ltd. boosted its stake in KKR in the latest quarter, The investment management firm added 1,517,958 additional shares and now holds a total of 2,279,437 shares of KKR & Co. L.P. which is valued at $30 Million. KKR & Co. L.P. makes up approx 11.13% of Shanda Payment Holdings Ltd.’s portfolio.Oxbow Advisors reduced its stake in KKR by selling 7,280 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 243,827 shares of KKR which is valued at $3.2 Million. KKR & Co. L.P. makes up approx 0.44% of Oxbow Advisors’s portfolio.Evercore Wealth Management reduced its stake in KKR by selling 2,550 shares or 71.43% in the most recent quarter. The Hedge Fund company now holds 1,020 shares of KKR which is valued at $13,433.

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.

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