As Dicks Sporting Goods (DKS) Shares Declined, Punch & Associates Investment Management Increased Its Position; Serengeti Asset Management LP Holding in Kkr & Co LP Del (Call) (KKR) Has Trimmed as Stock Value Rose

November 15, 2017 - By Darrin Black

Punch & Associates Investment Management Inc increased its stake in Dicks Sporting Goods Inc (DKS) by 124.01% based on its latest 2017Q2 regulatory filing with the SEC. Punch & Associates Investment Management Inc bought 50,559 shares as the company’s stock declined 18.06% while stock markets rallied. The hedge fund held 91,329 shares of the other specialty stores company at the end of 2017Q2, valued at $3.64 million, up from 40,770 at the end of the previous reported quarter. Punch & Associates Investment Management Inc who had been investing in Dicks Sporting Goods Inc for a number of months, seems to be bullish on the $2.80 billion market cap company. The stock decreased 2.77% or $0.73 during the last trading session, reaching $25.59. About 13,120 shares traded. Dicks Sporting Goods Inc (NYSE:DKS) has declined 1.35% since November 15, 2016 and is downtrending. It has underperformed by 18.05% the S&P500.

Jody Lanasa decreased its stake in Kkr & Co LP Del (Call) (KKR) by 29.69% based on its latest 2017Q2 regulatory filing with the SEC. Serengeti Asset Management Lp sold 950,000 shares as the company’s stock rose 1.10% with the market. The hedge fund run by Jody Lanasa held 2.25 million shares of the investment managers company at the end of 2017Q2, valued at $41.85M, down from 3.20M at the end of the previous reported quarter. Serengeti Asset Management Lp who had been investing in Kkr & Co LP Del (Call) for a number of months, seems to be less bullish one the $15.72 billion market cap company. The stock decreased 0.05% or $0.01 during the last trading session, reaching $19.2. About shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 43.92% since November 15, 2016 and is uptrending. It has outperformed by 27.22% the S&P500.




More notable recent Dicks Sporting Goods Inc (NYSE:DKS) news were published by: Seekingalpha.com which released: “Dick’s Sporting Goods: Survival Of The Fittest” on October 26, 2017, also Investorplace.com with their article: “Dicks Sporting Goods Inc Stock Is Too Cheap to Ignore” published on October 24, 2017, Seekingalpha.com published: “Dick’s: Value Play Or Value Trap?” on September 22, 2017. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Benzinga.com and their article: “Jim Cramer Gives His Opinion On Momo And Dicks Sporting Goods” published on November 09, 2017 as well as Bloomberg.com‘s news article titled: “Dick’s Sporting Goods Has Blown Its Shot” with publication date: November 14, 2017.

Among 33 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 7 have Buy rating, 2 Sell and 24 Hold. Therefore 21% are positive. Dick’s Sporting Goods Inc. had 117 analyst reports since July 27, 2015 according to SRatingsIntel. The company was initiated on Monday, July 27 by Cowen & Co. Cowen & Co downgraded the shares of DKS in report on Thursday, August 24 to “Market Perform” rating. The firm has “Neutral” rating given on Wednesday, March 9 by Robert W. Baird. As per Wednesday, March 8, the company rating was maintained by Canaccord Genuity. The firm has “Buy” rating given on Friday, December 11 by Argus Research. On Friday, April 29 the stock rating was initiated by M Partners with “Buy”. Morgan Stanley upgraded it to “Equal-Weight” rating and $43 target in Friday, May 20 report. The stock of Dicks Sporting Goods Inc (NYSE:DKS) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 9. Citigroup downgraded Dicks Sporting Goods Inc (NYSE:DKS) rating on Wednesday, August 16. Citigroup has “Hold” rating and $30.0 target. The firm earned “Neutral” rating on Wednesday, August 17 by Credit Suisse.

Punch & Associates Investment Management Inc, which manages about $832.72M and $1.07 billion US Long portfolio, decreased its stake in West Marine Inc (NASDAQ:WMAR) by 102,709 shares to 123,100 shares, valued at $1.58M in 2017Q2, according to the filing. It also reduced its holding in Hackett Group Inc (NASDAQ:HCKT) by 20,248 shares in the quarter, leaving it with 662,361 shares, and cut its stake in Royce Micro (NYSE:RMT).

Investors sentiment decreased to 0.81 in Q2 2017. Its down 0.34, from 1.15 in 2017Q1. It fall, as 78 investors sold DKS shares while 132 reduced holdings. 40 funds opened positions while 131 raised stakes. 82.39 million shares or 3.75% less from 85.60 million shares in 2017Q1 were reported. Ig Investment Mgmt Limited reported 0.05% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Emerald Advisers Pa invested 0.06% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Great Lakes Advsr Lc holds 48,637 shares. Wfg Advsr Lp reported 3 shares. Sheffield Asset Mgmt Limited Com stated it has 298,000 shares or 3.3% of all its holdings. Moreover, Creative Planning has 0% invested in Dicks Sporting Goods Inc (NYSE:DKS) for 2,667 shares. Bain Cap Public Equity Mgmt Limited Co holds 0.23% or 95,900 shares in its portfolio. First In holds 0.02% or 850 shares. Credit Suisse Ag has invested 0.01% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Amalgamated Bancorp stated it has 17,401 shares or 0.02% of all its holdings. Lord Abbett And Ltd owns 209,300 shares. Lsv Asset Management owns 232,884 shares or 0.02% of their US portfolio. Aperio Grp Inc Ltd Liability Co holds 0.01% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS) for 32,961 shares. Goldman Sachs Grp Inc has 0.01% invested in Dicks Sporting Goods Inc (NYSE:DKS) for 1.01M shares. Delphi Mgmt Ma has invested 1.04% in Dicks Sporting Goods Inc (NYSE:DKS).

Investors sentiment increased to 1.08 in Q2 2017. Its up 0.28, from 0.8 in 2017Q1. It is positive, as 32 investors sold KKR 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. Northwestern Mutual Wealth Mngmt Co invested 0% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Mirador Cap Prtnrs LP invested in 70,820 shares. Moreover, Fairview Investment Mngmt Ltd Co has 0.01% invested in KKR & Co. L.P. (NYSE:KKR) for 10,835 shares. Elkhorn Partners Ltd Partnership reported 118,900 shares. Guardian Inv Mgmt owns 0.38% invested in KKR & Co. L.P. (NYSE:KKR) for 18,500 shares. Invesco Ltd stated it has 165,944 shares or 0% of all its holdings. Teton Advisors holds 0.17% of its portfolio in KKR & Co. L.P. (NYSE:KKR) for 90,843 shares. Tower Cap Limited Liability (Trc), New York-based fund reported 1,895 shares. Grassi Investment Mgmt invested in 0.11% or 34,750 shares. Adell Harriman And Carpenter has 0% invested in KKR & Co. L.P. (NYSE:KKR) for 38,800 shares. Moreover, Adirondack Tru Communication has 0.02% invested in KKR & Co. L.P. (NYSE:KKR). Gabelli Funds Limited Liability Corporation accumulated 1.09 million shares or 0.12% of the stock. First Personal Svcs accumulated 174 shares or 0% of the stock. 10 accumulated 425,620 shares. First Republic Invest Mngmt invested 0.01% in KKR & Co. L.P. (NYSE:KKR).

Analysts await KKR & Co. L.P. (NYSE:KKR) to report earnings on February, 8. They expect $0.54 earnings per share, up 35.00% or $0.14 from last year’s $0.4 per share. KKR’s profit will be $442.13M for 8.89 P/E if the $0.54 EPS becomes a reality. After $0.36 actual earnings per share reported by KKR & Co. L.P. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Serengeti Asset Management Lp, which manages about $2.16 billion and $688.52M US Long portfolio, upped its stake in Herbalife Ltd (Prn) by 8.00 million shares to 32.00 million shares, valued at $33.56 million in 2017Q2, according to the filing.

More recent KKR & Co. L.P. (NYSE:KKR) news were published by: Nasdaq.com which released: “KKR & Co. LP Profit Drops 48% In Q3” on October 26, 2017. Also Seekingalpha.com published the news titled: “KKR & Co. LP (KKR) Q3 2017 Results – Earnings Call Transcript” on October 27, 2017. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Ameriprise Financial, KKR & Company LP and Oritani …” with publication date: November 01, 2017 was also an interesting one.

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