Curbstone Financial Management Corp Lowers stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Curbstone Financial Management Corp reduced its stake in KKR & Co. L.P. by 1.83% during the most recent quarter end. The investment management company now holds a total of 115,200 shares of KKR & Co. L.P. which is valued at $1,654,272 after selling 2,150 shares in KKR & Co. L.P. , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.KKR & Co. L.P. makes up approximately 0.53% of Curbstone Financial Management Corp’s portfolio.

Other Hedge Funds, Including ,

KKR & Co. L.P. closed down -0.07 points or -0.49% at $14.2 with 15,52,911 shares getting traded on Tuesday. Post opening the session at $14.34, the shares hit an intraday low of $14.15 and an intraday high of $14.36 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.

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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