Orinda Asset Management adds KKR & Co. L.P. (KKR) to its portfolio

KKR & Co. L.P. (KKR) : Orinda Asset Management added new position in KKR & Co. L.P. during the most recent quarter end. The investment management firm now holds 18,750 shares of KKR & Co. L.P. which is valued at $267,375 , the company said in a statement filed on Aug 3, 2016 with the SEC.KKR & Co. L.P. makes up approximately 0.29% of Orinda Asset Management’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in KKR by selling 28,000 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 928,830 shares of KKR which is valued at $13,245,116. KKR & Co. L.P. makes up approx 0.02% of California Public Employees Retirement System’s portfolio.Financial Architects Inc boosted its stake in KKR in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 5,379 shares of KKR & Co. L.P. which is valued at $79,179. KKR & Co. L.P. makes up approx 0.02% of Financial Architects Inc’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.Laurel Wealth Advisors reduced its stake in KKR by selling 300 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 10,720 shares of KKR which is valued at $131,856. KKR & Co. L.P. makes up approx 0.06% of Laurel Wealth Advisors’s portfolio.

KKR & Co. L.P. opened for trading at $14.7 and hit $15 on the upside on Monday, eventually ending the session at $14.86, with a gain of 1.57% or 0.23 points. The heightened volatility saw the trading volume jump to 31,71,912 shares. Company has a market cap of $6,611 M.

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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *