Sol Capital Management Co buys $3,889,430 stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Sol Capital Management Co scooped up 60,150 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 2, 2016. The investment management firm now holds a total of 295,325 shares of KKR & Co. L.P. which is valued at $3,889,430.KKR & Co. L.P. makes up approximately 1.23% of Sol Capital Management Co’s portfolio.

KKR & Co. L.P. (KKR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.06 and reached the intraday high at $13.46. The bulls started the profit booking and pushed the shares to intraday low of $13.05. The trading session was marked by a volume range of 18,31,577 shares exchanging hands. The 52-week high of the shares is $24.79 and the 52-week low is $8. The market cap of the company stands at $5,917 M and there are 44,92,51,470 shares in public circulation.

Other Hedge Funds, Including , Shamrock Asset Management reduced its stake in KKR by selling 1,182 shares or 13.16% in the most recent quarter. The Hedge Fund company now holds 7,801 shares of KKR which is valued at $102,739. KKR & Co. L.P. makes up approx 0.06% of Shamrock Asset Management’s portfolio.Tci Wealth Advisors boosted its stake in KKR in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 763 shares of KKR & Co. L.P. which is valued at $10,377. KKR & Co. L.P. makes up approx 0.01% of Tci Wealth Advisors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in KKR in the latest quarter, The investment management firm added 337,088 additional shares and now holds a total of 395,569 shares of KKR & Co. L.P. which is valued at $5,909,801. KKR & Co. L.P. makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio. Fox Run Management L.l.c. sold out all of its stake in KKR during the most recent quarter. The investment firm sold 11,500 shares of KKR which is valued $171,810.

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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