KKR & Co. L.P. (NYSE:KKR) has tumbled 6.81% during the past week and has dropped 4.52% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.69%. KKR & Co. L.P. (NYSE:KKR) has underperformed the index by 5.39% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
KKR & Co. L.P. (NYSE:KKR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.45 and $12.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.46, notching a gain of 0.40% for the day. The total traded volume was 2,191,260 . The stock had closed at $12.41 on the previous day.
The company shares have dropped -46.13% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $24.79 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $13.25 and the 200 Day Moving Average price is recorded at $13.93.
On the companys insider trading activities,The officer (General Counsel and Secretary) of Kkr & Co. L.P., Sorkin David sold 22,767 shares at $23.76 on August 5, 2015. The Insider selling transaction had a total value worth of $540,944. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Morgan Stanley maintains its rating on KKR & Co. L.P. (NYSE:KKR). As per the latest information, the brokerage house lowers the price target to $14 per share from a prior target of $15. The shares have been rated Equal-weight. The rating by the firm was issued on April 26, 2016. Institutional Investors own 61.03% of KKR & Co. L.P. shares.
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 Companys 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 KKRs global capital markets business.