Taking a Fresh Look at KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) is an interesting player in the Financial space, with a focus on Asset Management. The stock has been active on the tape, currently trading at $22.32, up from yesterday’s close by 3.33%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

KKR & Co. L.P. (KKR) currently trades with a market capitalization of $19.27 Billion. That value represents a market adjusting for revenues that have been falling by -38.44 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $872.34 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.61 on a per share basis this quarter. Perhaps, that suggests something about why 0.58% of the outstanding share supply is held by institutional investors.



Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, KKR & Co. L.P. recorded a 52-week high of $24.50. It is now trading 2.18% off that level. The stock is trading $21.31 its 50-day moving average by -1.01%. The stock carved out a 52-week low down at $17.61.

In recent action, KKR & Co. L.P. (KKR) has made a move of +6.44% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.85% with $823.15 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KKR.

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