Yy (YY) Shareholder Ward Ferry Management LTD Increased Stake by $5.74 Million; As Kkr & Co (KKR) Stock Rose, Markel Upped Its Holding by $2.30 Million

January 19, 2018 - By Henry Gaston

Tom Gayner increased its stake in Kkr & Co Llc (KKR) by 13.5% based on its latest 2017Q3 regulatory filing with the SEC. Markel Corp bought 115,000 shares as the company’s stock rose 1.10% with the market. The hedge fund run by Tom Gayner held 967,000 shares of the investment managers company at the end of 2017Q3, valued at $19.66 million, up from 852,000 at the end of the previous reported quarter. Markel Corp who had been investing in Kkr & Co Llc for a number of months, seems to be bullish on the $18.43 billion market cap company. The stock decreased 1.31% or $0.3 during the last trading session, reaching $22.55. About 1.95M shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 43.92% since January 19, 2017 and is uptrending. It has outperformed by 27.22% the S&P500.

Ward Ferry Management Ltd increased its stake in Yy Inc (YY) by 6.34% based on its latest 2017Q3 regulatory filing with the SEC. Ward Ferry Management Ltd bought 66,800 shares as the company’s stock rose 11.20% with the market. The institutional investor held 1.12M shares of the edp services company at the end of 2017Q3, valued at $97.26M, up from 1.05 million at the end of the previous reported quarter. Ward Ferry Management Ltd who had been investing in Yy Inc for a number of months, seems to be bullish on the $8.58B market cap company. The stock increased 0.80% or $1.08 during the last trading session, reaching $136.02. About 887,724 shares traded. YY Inc. (NASDAQ:YY) has risen 20.20% since January 19, 2017 and is uptrending. It has outperformed by 3.50% the S&P500.

Markel Corp, which manages about $5.02 billion US Long portfolio, decreased its stake in Exxon Corporation (NYSE:XOM) by 400,000 shares to 544,800 shares, valued at $44.66 million in 2017Q3, according to the filing.

Among 12 analysts covering Kohlberg Kravis Roberts & Co. (NYSE:KKR), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Kohlberg Kravis Roberts & Co. had 51 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, June 6, the company rating was maintained by Jefferies. The rating was maintained by Morgan Stanley on Tuesday, August 8 with “Equal-Weight”. The firm earned “Buy” rating on Monday, October 16 by Goldman Sachs. Oppenheimer maintained the shares of KKR in report on Friday, July 14 with “Outperform” rating. Jefferies maintained the shares of KKR in report on Friday, July 7 with “Buy” rating. The firm earned “Overweight” rating on Friday, February 12 by Barclays Capital. The stock has “Neutral” rating by Goldman Sachs on Tuesday, August 11. Wood maintained KKR & Co. L.P. (NYSE:KKR) on Monday, July 11 with “Market Perform” rating. Jefferies maintained it with “Buy” rating and $23.0 target in Thursday, October 19 report. Oppenheimer maintained it with “Outperform” rating and $31 target in Thursday, September 24 report.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.11, from 1.08 in 2017Q2. It dropped, 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. Wells Fargo & Mn invested 0.02% in KKR & Co. L.P. (NYSE:KKR). Ar Asset has invested 0.14% in KKR & Co. L.P. (NYSE:KKR). Switzerland-based Gvo Asset has invested 2.47% in KKR & Co. L.P. (NYSE:KKR). Amer National Registered Advisor Inc accumulated 34,700 shares or 0.35% of the stock. Robeco Institutional Asset Bv invested in 500,000 shares or 0.06% of the stock. Da Davidson & stated it has 15,775 shares. Beach Investment Management Ltd Liability Co holds 0.82% in KKR & Co. L.P. (NYSE:KKR) or 23,080 shares. 2.33M were accumulated by Davis Selected Advisers. Bokf Na holds 13,949 shares or 0.01% of its portfolio. Envestnet Asset Management reported 0% stake. Gsa Capital Prns Ltd Liability Partnership holds 0.02% in KKR & Co. L.P. (NYSE:KKR) or 13,834 shares. Beaumont Ltd Llc holds 0.03% or 10,000 shares in its portfolio. Hsbc Hldg Public Limited Com owns 100,793 shares. Segment Wealth Management Ltd Liability Corporation holds 17,755 shares. Baldwin Brothers Ma holds 0.02% or 6,000 shares.

Ward Ferry Management Ltd, which manages about $552.82M US Long portfolio, decreased its stake in China Lodging Group Ltd (NASDAQ:HTHT) by 322,700 shares to 1.42M shares, valued at $168.88 million in 2017Q3, according to the filing.

Among 10 analysts covering YY Inc (NASDAQ:YY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. YY Inc had 19 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Wednesday, August 31. The rating was upgraded by Jefferies on Wednesday, November 15 to “Buy”. As per Friday, June 16, the company rating was maintained by Jefferies. Jefferies maintained the shares of YY in report on Tuesday, October 3 with “Hold” rating. Pacific Crest downgraded the stock to “Sector Weight” rating in Monday, August 17 report. The firm has “Buy” rating given on Tuesday, July 4 by Bank of America. Nomura upgraded the shares of YY in report on Wednesday, January 17 to “Buy” rating. The firm has “Buy” rating by HSBC given on Monday, October 31. J.P. Morgan upgraded it to “Buy” rating and $140.0 target in Thursday, November 16 report. The company was initiated on Tuesday, January 2 by UBS.

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