Knife River Co. (NYSE:KNF) Stock Position Reduced by Jane Street Group LLC

Jane Street Group LLC lessened its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 92.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,222 shares of the company's stock after selling 54,481 shares during the quarter. Jane Street Group LLC's holdings in Knife River were worth $429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KNF. Comerica Bank lifted its position in Knife River by 6.1% during the 4th quarter. Comerica Bank now owns 42,752 shares of the company's stock worth $4,345,000 after acquiring an additional 2,448 shares in the last quarter. Gallo Partners LP purchased a new stake in shares of Knife River during the fourth quarter valued at approximately $2,752,000. Northern Trust Corp lifted its position in shares of Knife River by 13.7% during the fourth quarter. Northern Trust Corp now owns 750,517 shares of the company's stock worth $76,283,000 after purchasing an additional 90,450 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Knife River during the fourth quarter worth $79,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Knife River in the fourth quarter valued at $1,356,000. Hedge funds and other institutional investors own 80.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stephens reaffirmed an "overweight" rating and set a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company raised their target price on Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $112.80.

Knife River Stock Down 2.5%

Shares of KNF stock traded down $2.41 during mid-day trading on Wednesday, reaching $92.95. 311,858 shares of the company were exchanged, compared to its average volume of 429,065. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The business's 50 day simple moving average is $93.34 and its 200 day simple moving average is $97.41. The company has a market capitalization of $5.27 billion, a P/E ratio of 26.26, a P/E/G ratio of 2.36 and a beta of 0.96. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). The company had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.84) earnings per share. Research analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

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.