Advantage Alpha Capital Partners LP Lowers Holdings in Knife River Corporation $KNF

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in Knife River Corporation by 16.5%, now holding approximately 0.10% of the company, valued at $5 million.
• Other institutional investors, such as Price T Rowe Associates Inc., increased their holdings significantly, with Price T Rowe growing its position by 4,145.2%.
• Knife River reported earnings of $0.89 per share, missing expectations and indicating a 3.3% year-over-year revenue increase to $833.80 million.

Advantage Alpha Capital Partners LP lowered its position in Knife River Corporation (NYSE:KNF - Free Report) by 16.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 55,440 shares of the company's stock after selling 10,928 shares during the period. Advantage Alpha Capital Partners LP owned 0.10% of Knife River worth $5,001,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of Knife River in the 1st quarter valued at $26,000. State of Wyoming bought a new stake in shares of Knife River in the 4th quarter valued at $30,000. Brooklyn Investment Group increased its stake in shares of Knife River by 31,200.0% in the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company's stock valued at $28,000 after acquiring an additional 312 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock valued at $29,000 after acquiring an additional 271 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Knife River during the 1st quarter valued at $35,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Trading Down 5.6%

Shares of Knife River stock traded down $5.02 on Wednesday, hitting $85.13. The stock had a trading volume of 401,747 shares, compared to its average volume of 555,745. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92. Knife River Corporation has a one year low of $73.91 and a one year high of $108.83. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 6.63 and a beta of 0.63. The stock's 50-day simple moving average is $83.60 and its two-hundred day simple moving average is $89.83.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.38). The business had revenue of $833.80 million during the quarter, compared to analysts' expectations of $902.26 million. Knife River had a return on equity of 10.58% and a net margin of 5.20%.The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Knife River Corporation will post 4.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on KNF. Wells Fargo & Company upped their target price on shares of Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. DA Davidson dropped their price objective on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada began coverage on shares of Knife River in a report on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Knife River presently has an average rating of "Buy" and a consensus price target of $114.33.

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.