Today The Covey Capital Advisors LLC Increases Stake in KKR & Co. L.P. (KKR)

Today The Covey Capital Advisors LLC Increases Stake in KKR & Co. L.P. (KKR)

Covey Capital Advisors LLC increased its position in KKR & Co. L.P. (NYSE:KKR) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,532 shares of the company’s stock after buying an additional 2,000 shares during the period. KKR & Co. L.P. comprises 0.9% of Covey Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position. Covey Capital Advisors LLC’s holdings in KKR & Co. L.P. were worth $1,676,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. LGT Capital Partners LTD. boosted its position in shares of KKR & Co. L.P. by 2.4% in the third quarter. LGT Capital Partners LTD. now owns 870,000 shares of the company’s stock worth $12,406,000 after buying an additional 20,000 shares during the period. Investors Capital Advisory Services boosted its position in shares of KKR & Co. L.P. by 5.0% in the second quarter. Investors Capital Advisory Services now owns 33,977 shares of the company’s stock worth $419,000 after buying an additional 1,612 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of KKR & Co. L.P. by 44.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,284,996 shares of the company’s stock worth $15,857,000 after buying an additional 396,224 shares during the period. Levy Harkins & Co. Inc. boosted its position in shares of KKR & Co. L.P. by 66.4% in the third quarter. Levy Harkins & Co. Inc. now owns 344,955 shares of the company’s stock worth $4,919,000 after buying an additional 137,630 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of KKR & Co. L.P. by 7.9% in the second quarter. JPMorgan Chase & Co. now owns 433,249 shares of the company’s stock worth $5,347,000 after buying an additional 31,671 shares during the period. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Shares of KKR & Co. L.P. (NYSE:KKR) opened at 17.72 on Wednesday. The firm’s 50-day moving average price is $16.65 and its 200-day moving average price is $14.97. KKR & Co. L.P. has a 12 month low of $10.89 and a 12 month high of $17.79. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 58.29 and a beta of 1.64.

KKR has been the subject of a number of recent research reports. Zacks Investment Research upgraded KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, December 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 target price on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Credit Suisse Group set a $18.00 target price on KKR & Co. L.P. and gave the stock a “buy” rating in a report on Monday, January 2nd. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of KKR & Co. L.P. in a report on Tuesday, December 20th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $17.00 price objective (up previously from $16.00) on shares of KKR & Co. L.P. in a report on Sunday, December 4th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.07.

About KKR & Co. L.P.

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.

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