Waterstone Capital Management LP Takes $4.51 Million Position in Kroger Co (KR)


Kroger's post-earnings bull gap sent the stock to levels not seen since mid-June

Whittier Tru invested in 0.09% or 94,987 shares. The stock of The Kroger Co.

Other institutional investors have also recently added to or reduced their stakes in the company.

Dynamic Capital Management Ltd, which manages about $932.59 million and $443.15 million US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKB) by 152,884 shares to 19,685 shares, valued at $3.33M in 2017Q2, according to the filing. The firm owned 784,807 shares of the company's stock after buying an additional 247,814 shares during the period. 93 funds opened positions while 234 raised stakes. Nordea Investment Management AB increased its position in shares of Kroger by 2.0% in the 3rd quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company's stock valued at $192,630,000 after purchasing an additional 8,137,179 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Kroger by 611.5% in the 3rd quarter. The company's P/E was valued at 15.99 as it measures its current share price to its per-share earnings.

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Deutsche Bank AG restated their buy rating on shares of Kroger Co (NYSE:KR) in a research report sent to investors on Friday, May 12th. 8,174,200 shares of the company traded hands, compared to its average volume of 12,349,835. Hennessy Advisors stated it has 0.04% in The Kroger Co. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.53 EPS for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.01. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion.

As the return on equity calculates the corporation's profitability by revealing how much profit the company has generated alongside the money the shareholders have invested, (NYSE:KR) shows an ROE of (put ROE code - cant find it). Kroger's revenue for the quarter was up 5.5% compared to the same quarter previous year. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, November 14th. Kroger's dividend payout ratio (DPR) is 23.08%.

As Bank New York Mellon Corp (BK) Stock Price Declined, Kingstown Capital Management LP Upped Position
Keefe Bruyette & Woods maintained The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, July 20 with "Hold" rating. Investec Asset Management North America Inc sold 11,379 shares as Bank Of New York Mellon Corp (BK)'s stock declined 1.27%.

Also, Director Jorge P. Montoya sold 10,000 shares of the business's stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. (NYSE:KR) by 9.01% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Also, VP Carin L. Fike sold 1,538 shares of the company's stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here.

Plus, nine of 12 analysts maintained a lackluster "hold" recommendation, while the stock's short interest-to-float ratio stood at a lofty 5.5. BidaskClub raised shares of Kroger from a "hold" rating to a "buy" rating in a report on Wednesday, August 9th. Moffett Nathanson assumed coverage on shares of Kroger in a research note on Monday. The rating was maintained by Wells Fargo with "Buy" on Monday, June 26. On Friday, September 11 the stock rating was maintained by Pivotal Research with "Buy". BMO Capital Markets set a $29.00 target price on shares of Kroger and gave the company a "hold" rating in a research note on Friday, December 1st. Telsey Advisory Group boosted their price target on shares of Kroger from $24.00 to $28.00 and gave the stock a "market perform" rating in a research report on Friday, December 1st.

A number of equities research analysts recently weighed in on the stock. They set an "underweight" rating and a $20.00 price target on the stock. If you are reading this report on another website, it was illegally copied and reposted in violation of USA & global trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/07/waterstone-capital-management-l-p-takes-4-51-million-position-in-kroger-co-kr.html. Kroger Co now has $23.49B valuation.

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