Shanda Payment Holdings LTD Has Trimmed Its Kkr & Co LP Del (KKR) Stake by $22.41 Million

March 14, 2018 - By Louis Casey

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.11, from 1.08 in 2017Q2. It dived, as 32 investors sold KKR shares while 84 reduced holdings. 28 funds opened positions while 84 raised stakes. 286.80 million shares or 0.90% more from 284.23 million shares in 2017Q2 were reported. First Allied Advisory Services has invested 0.05% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Capital Investors has invested 0.1% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Covey Capital Advisors Llc owns 194,523 shares for 5.78% of their portfolio. Putnam Investments Ltd Liability Company reported 7.50 million shares. Adirondack Trust holds 0.02% of its portfolio in KKR & Co. L.P. (NYSE:KKR) for 1,510 shares. Capital Fincl Advisers Ltd Liability owns 101,616 shares or 0.02% of their US portfolio. Camarda Lc, Florida-based fund reported 8,507 shares. Palisade Cap Management Limited Liability Company Nj invested in 0.09% or 120,798 shares. Northern, a Illinois-based fund reported 284,486 shares. Alliancebernstein LP accumulated 0.08% or 5.17 million shares. 2.50 million were accumulated by Davis Prtn Limited Liability. Moreover, Hap Trading Ltd has 0.12% invested in KKR & Co. L.P. (NYSE:KKR) for 129,395 shares. Benjamin F Edwards Incorporated stated it has 2,150 shares. Stratos Wealth Partners Ltd, Ohio-based fund reported 37,319 shares. Grassi Investment Management, California-based fund reported 34,750 shares.

Since February 9, 2018, it had 1 buying transaction, and 0 sales for $10.52 million activity.

Shanda Payment Holdings Ltd decreased its stake in Kkr & Co LP Del (KKR) by 33.26% based on its latest 2017Q3 regulatory filing with the SEC. Shanda Payment Holdings Ltd sold 1.12 million shares as the company’s stock rose 1.10% with the market. The institutional investor held 2.25 million shares of the investment managers company at the end of 2017Q3, valued at $45.70M, down from 3.37 million at the end of the previous reported quarter. Shanda Payment Holdings Ltd who had been investing in Kkr & Co LP Del for a number of months, seems to be less bullish one the $18.17B market cap company. The stock decreased 1.49% or $0.33 during the last trading session, reaching $22.09. About 864,568 shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 43.92% since March 14, 2017 and is uptrending. It has outperformed by 27.22% the S&P500.

Analysts await KKR & Co. L.P. (NYSE:KKR) to report earnings on April, 26. They expect $0.61 earnings per share, down 6.15 % or $0.04 from last year’s $0.65 per share. KKR’s profit will be $501.81M for 9.05 P/E if the $0.61 EPS becomes a reality. After $0.48 actual earnings per share reported by KKR & Co. L.P. for the previous quarter, Wall Street now forecasts 27.08 % EPS growth.

Another recent and important KKR & Co. L.P. (NYSE:KKR) news was published by which published an article titled: “American Tower, KKR are bidders for Altice NV’s towers” on March 13, 2018.

KKR & Co. L.P. (NYSE:KKR) Ratings Coverage

Among 13 analysts covering Kohlberg Kravis Roberts & Co. (NYSE:KKR), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Kohlberg Kravis Roberts & Co. had 54 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Thursday, October 19 with “Buy”. Citigroup maintained KKR & Co. L.P. (NYSE:KKR) on Thursday, September 10 with “Buy” rating. On Thursday, December 10 the stock rating was initiated by Jefferies with “Buy”. Morgan Stanley maintained it with “Equal-Weight” rating and $20 target in Tuesday, August 8 report. Oppenheimer maintained it with “Buy” rating and $28.0 target in Thursday, October 26 report. On Wednesday, January 10 the stock rating was maintained by Credit Suisse with “Buy”. Standpoint Research maintained KKR & Co. L.P. (NYSE:KKR) on Sunday, August 9 with “Hold” rating. The firm earned “Overweight” rating on Friday, February 12 by Barclays Capital. The rating was maintained by Sandler O’Neill with “Hold” on Friday, February 9. As per Wednesday, January 10, the company rating was maintained by Keefe Bruyette & Woods.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: