Momentum Stocks Try To Beat Views: KKR & Co. (NYSE:KKR), Fang Holdings (NYSE:SFUN)

KKR & Co. L.P. (NYSE:KKR) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.65% to close at $16.85 with the total traded volume of 2.19 Million shares. Apple Leisure Group on Tuesday revealed that KKR and an affiliate of KSL Capital Partners have entered into a definitive contract to acquire the company from Bain Capital Private Equity. Financial terms of the transaction were not disclosed. Apple Leisure Group is North America’s hospitality company.

Alex Zozaya, CEO of Apple Leisure Group said, “We are pleased to be partnering with KKR and KSL for our next phase of growth… We are extremely appreciative of Bain Capital Private Equity’s partnership and support in executing our growth mission and helping us strengthen our leadership position over the past four years.” The transaction is expected to close during the first quarter of 2017. KKR’s investment is being made principally from its eleventh Americas Private Equity investment fund. The firm has institutional ownership of 63.00%, while insider ownership included 0.10%. Its price to sales ratio ended at 7.77. KKR attains analyst recommendation of 1.90 with week performance of 6.18%.

Fang Holdings Limited (NYSE:SFUN) [Trend Analysis] plunged reacts as active mover, shares a decrease -0.67% to traded at $2.98 and the percentage gap between open changing to regular change was 0.00%. Fang Holdings Limited (SFUN) provided a further update on its proposed acquisition of a controlling stake in Chongqing Wanli New Energy Co., Ltd., and the sale of Wanli’s assets. Wanli recently advised Fang that it intends to explore avenues to terminate the Restructuring.

To date, the transacting parties have not agreed or entered into any contract to terminate the Restructuring. The consummation of the Restructuring remains subject to the requisite internal approvals of the relevant parties and regulatory clearance, including by the China Securities Regulatory Commission. The firm’s current ratio calculated as 1.20 for the most recent quarter. The firm past twelve months price to sales ratio was 1.30 and price to cash ratio remained 1.50. As far as the returns are concern, the return on equity was recorded as -29.40% and return on investment was -1.70% while its return on asset stayed at -9.20%. The firm has total debt to equity ratio measured as 1.37.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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