Concourse Capital Management Has Cut By $677,061 Its Kkr & Co LP Del (KKR) Holding; Causeway Capital Management Has Raised Gildan Activewear (GIL) Position

April 23, 2018 - By Michael Collier

Gildan Activewear Inc. (NYSE:GIL) Logo

Causeway Capital Management Llc increased Gildan Activewear Inc (GIL) stake by 6.8% reported in 2017Q4 SEC filing. Causeway Capital Management Llc acquired 922,009 shares as Gildan Activewear Inc (GIL)’s stock declined 12.68%. The Causeway Capital Management Llc holds 14.48M shares with $467.73 million value, up from 13.56M last quarter. Gildan Activewear Inc now has $6.18 billion valuation. The stock increased 1.99% or $0.58 during the last trading session, reaching $29.68. About 109,178 shares traded. Gildan Activewear Inc. (NYSE:GIL) has risen 7.13% since April 23, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Concourse Capital Management Llc decreased Kkr & Co LP Del (KKR) stake by 7.39% reported in 2017Q4 SEC filing. Concourse Capital Management Llc sold 32,241 shares as Kkr & Co LP Del (KKR)’s stock declined 3.82%. The Concourse Capital Management Llc holds 404,208 shares with $8.51 million value, down from 436,449 last quarter. Kkr & Co LP Del now has $17.72B valuation. The stock increased 0.56% or $0.12 during the last trading session, reaching $21.54. About 269,898 shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 15.21% since April 23, 2017 and is uptrending. It has outperformed by 3.66% the S&P500.

Analysts await KKR & Co. L.P. (NYSE:KKR) to report earnings on April, 26. They expect $0.18 EPS, down 72.31% or $0.47 from last year’s $0.65 per share. KKR’s profit will be $148.10M for 29.92 P/E if the $0.18 EPS becomes a reality. After $0.48 actual EPS reported by KKR & Co. L.P. for the previous quarter, Wall Street now forecasts -62.50% negative EPS growth.

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 57 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies maintained KKR & Co. L.P. (NYSE:KKR) rating on Friday, July 7. Jefferies has “Buy” rating and $2200 target. Barclays Capital maintained it with “Overweight” rating and $16 target in Wednesday, July 27 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, August 8. On Friday, July 14 the stock rating was maintained by Oppenheimer with “Outperform”. The company was maintained on Monday, July 11 by Wood. The stock of KKR & Co. L.P. (NYSE:KKR) has “Buy” rating given on Thursday, September 28 by Keefe Bruyette & Woods. The stock of KKR & Co. L.P. (NYSE:KKR) has “Buy” rating given on Monday, October 16 by Goldman Sachs. As per Friday, February 9, the company rating was maintained by Deutsche Bank. As per Friday, February 12, the company rating was maintained by Barclays Capital. The stock has “Hold” rating by Sandler O’Neill on Friday, February 9.

Since February 9, 2018, it had 1 insider buy, and 0 insider sales for $10.52 million activity. $10.52 million worth of KKR & Co. L.P. (NYSE:KKR) shares were bought by ValueAct Holdings – L.P..

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.10, from 0.97 in 2017Q3. It is positive, as 29 investors sold KKR shares while 84 reduced holdings. 38 funds opened positions while 83 raised stakes. 308.46 million shares or 7.55% more from 286.80 million shares in 2017Q3 were reported. Chickasaw Capital Management Ltd Liability Corp has 0.08% invested in KKR & Co. L.P. (NYSE:KKR) for 178,085 shares. Moreover, Bridgecreek Invest Mngmt Limited Liability Co has 0.57% invested in KKR & Co. L.P. (NYSE:KKR) for 115,000 shares. Amundi Pioneer Asset holds 0.07% or 2.26M shares in its portfolio. Glenmede Na owns 0% invested in KKR & Co. L.P. (NYSE:KKR) for 7,800 shares. Lazard Asset Mgmt Limited stated it has 0% of its portfolio in KKR & Co. L.P. (NYSE:KKR). 1,200 are held by Atlantic Trust Group Incorporated Limited Company. Brown Brothers Harriman holds 0% or 19,150 shares in its portfolio. Putnam Invests Ltd Liability, a Massachusetts-based fund reported 7.76M shares. Janney Montgomery Scott Limited Liability Corp invested in 60,335 shares. Alliancebernstein Limited Partnership accumulated 0.05% or 3.23 million shares. Suntrust Banks Inc accumulated 14,180 shares. Duncker Streett & reported 0.05% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Loomis Sayles & Ltd Partnership accumulated 122,120 shares. Highvista Strategies Ltd Liability Corporation has 49,529 shares for 0.29% of their portfolio. Grand Jean Capital Mngmt invested 0.99% of its portfolio in KKR & Co. L.P. (NYSE:KKR).

Among 14 analysts covering Gildan Activewear Inc. (NYSE:GIL), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Gildan Activewear Inc. had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, February 23 by GMP Securities. The rating was maintained by RBC Capital Markets with “Hold” on Friday, November 3. The company was maintained on Friday, July 7 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 13. BMO Capital Markets maintained it with “Buy” rating and $3400 target in Thursday, August 3 report. GMP Securities maintained the shares of GIL in report on Thursday, November 2 with “Buy” rating. RBC Capital Markets maintained the shares of GIL in report on Friday, January 29 with “Outperform” rating. The stock has “Hold” rating by Zacks on Monday, August 31. The rating was downgraded by RBC Capital Markets to “Hold” on Tuesday, July 11. The company was downgraded on Tuesday, August 4 by Credit Suisse.

Causeway Capital Management Llc decreased Verifone Sys Inc (NYSE:PAY) stake by 76,013 shares to 8.12M valued at $143.74M in 2017Q4. It also reduced Yy Inc (NASDAQ:YY) stake by 111,000 shares and now owns 479,300 shares. Oracle Corp (NYSE:ORCL) was reduced too.

KKR & Co. L.P. (NYSE:KKR) Institutional Positions Chart

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