Walnut Private Equity Partners Lowers stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Walnut Private Equity Partners reduced its stake in KKR & Co. L.P. by 1.15% during the most recent quarter end. The investment management company now holds a total of 438,235 shares of KKR & Co. L.P. which is valued at $5,434,114 after selling 5,115 shares in KKR & Co. L.P. , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.KKR & Co. L.P. makes up approximately 4.36% of Walnut Private Equity Partners’s portfolio.

Other Hedge Funds, Including , Grassi Investment Management reduced its stake in KKR by selling 229,650 shares or 67.79% in the most recent quarter. The Hedge Fund company now holds 109,122 shares of KKR which is valued at $1,353,113. KKR & Co. L.P. makes up approx 0.25% of Grassi Investment Management’s portfolio.Raymond James Trust N.a. reduced its stake in KKR by selling 5,340 shares or 24.03% in the most recent quarter. The Hedge Fund company now holds 16,885 shares of KKR which is valued at $207,686. KKR & Co. L.P. makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

KKR & Co. L.P. opened for trading at $12.57 and hit $12.93 on the upside on Friday, eventually ending the session at $12.85, with a gain of 2.23% or 0.28 points. The heightened volatility saw the trading volume jump to 22,64,667 shares. Company has a market cap of $5,763 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.. 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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