Boothbay Fund Management LLC Invests $1.36 Million in Knife River Co. (NYSE:KNF)

Boothbay Fund Management LLC purchased a new position in shares of Knife River Co. (NYSE:KNF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,340 shares of the company's stock, valued at approximately $1,356,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Knife River by 156.2% during the third quarter. Barclays PLC now owns 170,101 shares of the company's stock worth $15,205,000 after purchasing an additional 103,713 shares during the period. Tidal Investments LLC increased its stake in Knife River by 125.7% during the 3rd quarter. Tidal Investments LLC now owns 9,623 shares of the company's stock valued at $860,000 after purchasing an additional 5,360 shares in the last quarter. Franklin Resources Inc. raised its holdings in Knife River by 10.5% during the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock worth $38,201,000 after buying an additional 39,991 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Knife River by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company's stock valued at $18,695,000 after buying an additional 49,785 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after buying an additional 227 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

Analyst Ratings Changes

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

Knife River Stock Performance

Shares of NYSE KNF traded up $2.30 during midday trading on Friday, reaching $96.22. The company's stock had a trading volume of 457,582 shares, compared to its average volume of 423,931. The stock has a market capitalization of $5.45 billion, a P/E ratio of 27.18, a PEG ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The firm has a 50 day moving average price of $91.28 and a 200-day moving average price of $97.26. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million for the quarter, compared to analysts' expectations of $655.80 million. As a group, equities analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

Knife River 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.