What Will Happen to KKR & Company LP (NYSE:KKR) Next? The Stock Has Increase in Shorts

October 28, 2017 – By Hazel Jackson

 What Will Happen to KKR & Company LP (NYSE:KKR) Next? The Stock Has Increase in Shorts

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.28, from 0.8 in 2017Q1. It is positive, as 32 investors sold KKR & Co. L.P. shares while 79 reduced holdings. 39 funds opened positions while 81 raised stakes. 284.23 million shares or 8.21% more from 262.66 million shares in 2017Q1 were reported.
Wfg Advisors L P owns 169,373 shares. Moreover, Guardian Management has 0.38% invested in KKR & Co. L.P. (NYSE:KKR). Legal And General Gru Inc Public Ltd Liability invested 0.02% in KKR & Co. L.P. (NYSE:KKR). 28,215 were reported by Essex Fincl Serv Inc. California Pub Employees Retirement System holds 0.03% or 878,930 shares in its portfolio. Mirador Ltd Partnership has 0.85% invested in KKR & Co. L.P. (NYSE:KKR) for 70,820 shares. Curbstone Fincl Corp has invested 0.54% in KKR & Co. L.P. (NYSE:KKR). Moreover, Wade G W Incorporated has 0.05% invested in KKR & Co. L.P. (NYSE:KKR) for 22,290 shares. Lmm Limited Liability Company reported 40,000 shares. Compton Cap Management Ri accumulated 15,100 shares. Tower Rech Cap Ltd Limited Liability Company (Trc) invested 0% in KKR & Co. L.P. (NYSE:KKR). Northeast Consultants Incorporated has invested 0.38% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Wellington Mngmt Llp reported 5.51M shares. Fifth Third Bankshares stated it has 2,800 shares or 0% of all its holdings. 10 has 2.23% invested in KKR & Co. L.P. (NYSE:KKR) for 425,620 shares.

The stock of KKR & Company LP (NYSE:KKR) registered an increase of 4.89% in short interest. KKR’s total short interest was 7.43M shares in October as published by FINRA. Its up 4.89% from 7.08 million shares, reported previously. With 3.39M shares average volume, it will take short sellers 2 days to cover their KKR’s short positions. The short interest to KKR & Company LP’s float is 1.67%.

The stock increased 0.25% or $0.05 on October 27, reaching $20.35. About 1.84 million shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 43.92% since October 28, 2016 and is uptrending. It has outperformed by 27.22% the S&P500.

KKR & CO. L.P. 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 has market cap of $16.61 billion. 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. It has a 10.24 P/E ratio. The Firm conducts its business with offices across the world, providing it with a global platform for sourcing transactions, raising capital and carrying out capital markets activities.

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

Among 11 analysts covering Kohlberg Kravis Roberts & Co. (NYSE:KKR), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Kohlberg Kravis Roberts & Co. had 46 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of KKR & Co. L.P. (NYSE:KKR) earned “Buy” rating by Keefe Bruyette & Woods on Monday, August 14. The firm has “Outperform” rating given on Wednesday, October 28 by Oppenheimer. Keefe Bruyette & Woods maintained KKR & Co. L.P. (NYSE:KKR) on Thursday, September 28 with “Buy” rating. The firm earned “Buy” rating on Monday, May 29 by Keefe Bruyette & Woods. Barclays Capital maintained it with “Overweight” rating and $16 target in Wednesday, July 27 report. Standpoint Research maintained KKR & Co. L.P. (NYSE:KKR) rating on Sunday, August 9. Standpoint Research has “Hold” rating and $24 target. As per Monday, September 18, the company rating was maintained by Jefferies. Oppenheimer maintained KKR & Co. L.P. (NYSE:KKR) rating on Thursday, September 24. Oppenheimer has “Outperform” rating and $31 target. Oppenheimer maintained the shares of KKR in report on Friday, July 14 with “Outperform” rating. The firm has “Buy” rating given on Thursday, September 10 by Citigroup.

More recent KKR & Co. L.P. (NYSE:KKR) news were published by: Businesswire.com which released: “KKR Becomes Shareholder of PT Nippon Indosari Corpindo Tbk.” on October 26, 2017. Also Nasdaq.com published the news titled: “KKR & Co. LP Profit Drops 48% In Q3” on October 26, 2017. Seekingalpha.com‘s news article titled: “KKR & Co. LP (KKR) Q3 2017 Results – Earnings Call Transcript” with publication date: October 27, 2017 was also an interesting one.

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