Man Group plc Sells 8,390 Shares of Knife River Co. (NYSE:KNF)

Man Group plc decreased its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,244 shares of the company's stock after selling 8,390 shares during the period. Man Group plc's holdings in Knife River were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KNF. Barclays PLC boosted its stake in Knife River by 156.2% in the third quarter. Barclays PLC now owns 170,101 shares of the company's stock valued at $15,205,000 after acquiring an additional 103,713 shares during the period. Drive Wealth Management LLC bought a new stake in Knife River during the fourth quarter worth approximately $2,062,000. KBC Group NV raised its holdings in Knife River by 37.7% during the fourth quarter. KBC Group NV now owns 2,427 shares of the company's stock worth $247,000 after purchasing an additional 664 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Knife River by 38.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,497 shares of the company's stock valued at $1,169,000 after acquiring an additional 3,192 shares during the last quarter. Finally, Moody Aldrich Partners LLC lifted its holdings in Knife River by 28.0% in the 4th quarter. Moody Aldrich Partners LLC now owns 85,622 shares of the company's stock valued at $8,703,000 after acquiring an additional 18,745 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNF has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Stephens reiterated an "overweight" rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River presently has an average rating of "Buy" and an average target price of $112.80.

Knife River Stock Performance

Knife River stock traded down $4.00 on Wednesday, hitting $95.27. The company's stock had a trading volume of 202,076 shares, compared to its average volume of 428,414. The firm has a market cap of $5.40 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. 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 moving average price of $93.41 and a 200-day moving average price of $97.48. Knife River Co. has a one year low of $66.13 and a one year high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The business had revenue of $353.50 million during 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.84) EPS. On average, equities analysts anticipate 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.