Boothbay Fund Management LLC Buys New Position in Knife River Co. (NYSE:KNF)

Boothbay Fund Management LLC bought a new stake in shares of Knife River Co. (NYSE:KNF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,340 shares of the company's stock, valued at approximately $1,356,000.

Several other large investors have also added to or reduced their stakes in KNF. Alliancebernstein L.P. lifted its holdings in Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock valued at $111,965,000 after purchasing an additional 983,223 shares in the last quarter. American Century Companies Inc. lifted its holdings in Knife River by 1,200.8% during the fourth quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock valued at $90,224,000 after purchasing an additional 819,439 shares in the last quarter. Norges Bank purchased a new position in Knife River during the fourth quarter valued at approximately $66,631,000. Capital Research Global Investors lifted its holdings in Knife River by 45.2% during the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock valued at $196,829,000 after purchasing an additional 603,170 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new position in Knife River during the fourth quarter valued at approximately $46,750,000. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Price Performance

KNF stock opened at $92.18 on Tuesday. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $91.37 and a two-hundred day simple moving average of $97.21. The firm has a market capitalization of $5.22 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on KNF. Wells Fargo & Company began coverage on shares of Knife River in a report on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price on the stock. Stephens reissued an "overweight" rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $110.40.

Knife River Company Profile

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.

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