Greenlight Capital Cut Its Freds (FRED) Holding; American National Insurance Company Upped Kkr & Co LP (KKR) Stake By $916,000

January 12, 2018 - By Clifton Ray

Greenlight Capital Inc decreased Freds Inc (FRED) stake by 6.61% reported in 2017Q3 SEC filing. Greenlight Capital Inc sold 99,097 shares as Freds Inc (FRED)’s stock declined 23.59%. The Greenlight Capital Inc holds 1.40M shares with $9.02 million value, down from 1.50 million last quarter. Freds Inc now has $157.50 million valuation. The stock increased 0.73% or $0.03 during the last trading session, reaching $4.12. About 760,366 shares traded. Fred's, Inc. (NASDAQ:FRED) has risen 3.21% since January 12, 2017 and is uptrending. It has underperformed by 13.49% the S&P500.

American National Insurance Company increased Kkr & Co Lp (KKR) stake by 89.28% reported in 2017Q3 SEC filing. American National Insurance Company acquired 45,800 shares as Kkr & Co Lp (KKR)’s stock rose 1.10%. The American National Insurance Company holds 97,100 shares with $1.97 million value, up from 51,300 last quarter. Kkr & Co Lp now has $18.87 billion valuation. The stock increased 0.22% or $0.05 during the last trading session, reaching $23.08. About 1.60M shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 43.92% since January 12, 2017 and is uptrending. It has outperformed by 27.22% the S&P500.

Investors sentiment increased to 1.56 in 2017 Q3. Its up 0.60, from 0.96 in 2017Q2. It is positive, as 12 investors sold FRED shares while 29 reduced holdings. 31 funds opened positions while 33 raised stakes. 34.64 million shares or 7.29% less from 37.37 million shares in 2017Q2 were reported. Bnp Paribas Arbitrage accumulated 26,225 shares. Smithfield has 2,647 shares. Washington-based Parametric Port Ltd Liability Com has invested 0% in Fred's, Inc. (NASDAQ:FRED). Bluecrest Management Ltd owns 44,992 shares. Credit Suisse Ag owns 46,959 shares. Citigroup holds 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 142 shares. Great West Life Assurance Co Can has invested 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Tower Rech Limited Liability Corp (Trc) holds 0% or 120 shares in its portfolio. Prelude Cap Mgmt Llc has invested 0.06% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Moreover, Rhumbline Advisers has 0% invested in Fred's, Inc. (NASDAQ:FRED). State Teachers Retirement Systems holds 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 85,806 shares. Employees Retirement Association Of Colorado has invested 0% in Fred's, Inc. (NASDAQ:FRED). Balyasny Asset Management Ltd Liability Com holds 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 75,000 shares. Weiss Multi invested 0.01% in Fred's, Inc. (NASDAQ:FRED). Bancorporation Of America Corp De reported 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED).

Since December 13, 2017, it had 1 buying transaction, and 0 insider sales for $334,900 activity. Another trade for 85,000 shares valued at $334,900 was bought by BARTON TIMOTHY A.

Analysts await Fred's, Inc. (NASDAQ:FRED) to report earnings on April, 5. They expect $-0.04 earnings per share, up 63.64% or $0.07 from last year’s $-0.11 per share. After $-0.42 actual earnings per share reported by Fred's, Inc. for the previous quarter, Wall Street now forecasts -90.48% EPS growth.

Among 6 analysts covering Fred’s (NASDAQ:FRED), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Fred’s had 16 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, August 31, the company rating was downgraded by Stephens. As per Monday, August 31, the company rating was maintained by M Partners. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, November 2. SunTrust maintained Fred's, Inc. (NASDAQ:FRED) rating on Monday, October 16. SunTrust has “Hold” rating and $7.0 target. The stock of Fred's, Inc. (NASDAQ:FRED) earned “Hold” rating by Loop Capital Markets on Thursday, August 24. Deutsche Bank maintained Fred's, Inc. (NASDAQ:FRED) rating on Wednesday, August 31. Deutsche Bank has “Sell” rating and $10 target. The rating was maintained by Deutsche Bank on Tuesday, May 31 with “Hold”. The company was maintained on Wednesday, November 25 by M Partners. The firm earned “Buy” rating on Friday, October 7 by Sidoti. As per Monday, August 10, the company rating was downgraded by Stephens.

American National Insurance Company decreased Fedex Corp. (NYSE:FDX) stake by 3,000 shares to 29,165 valued at $6.58M in 2017Q3. It also reduced Corning Inc. (NYSE:GLW) stake by 58,900 shares and now owns 197,755 shares. Wells Fargo Co. (NYSE:WFC) was reduced too.

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 50 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Sunday, August 9 by Standpoint Research. The stock of KKR & Co. L.P. (NYSE:KKR) has “Buy” rating given on Tuesday, August 2 by Jefferies. As per Monday, October 16, the company rating was upgraded by Goldman Sachs. The company was maintained on Thursday, October 26 by Oppenheimer. Barclays Capital maintained KKR & Co. L.P. (NYSE:KKR) on Tuesday, August 9 with “Overweight” rating. On Wednesday, October 28 the stock rating was maintained by Oppenheimer with “Outperform”. Deutsche Bank maintained KKR & Co. L.P. (NYSE:KKR) on Friday, March 11 with “Hold” rating. On Friday, July 7 the stock rating was maintained by Jefferies with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 5 report. On Thursday, September 24 the stock rating was maintained by Oppenheimer with “Outperform”.

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