Sivia Capital Partners LLC Purchases New Holdings in Kirby Co. (NYSE:KEX)

Sivia Capital Partners LLC purchased a new stake in Kirby Co. (NYSE:KEX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,244 shares of the shipping company's stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC purchased a new position in shares of Kirby in the fourth quarter valued at approximately $25,000. Colonial Trust Co SC lifted its holdings in Kirby by 295.3% in the 4th quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock valued at $27,000 after purchasing an additional 189 shares in the last quarter. Versant Capital Management Inc purchased a new position in Kirby in the 1st quarter valued at $44,000. LGT Financial Advisors LLC purchased a new position in Kirby in the 4th quarter valued at $63,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Kirby in the fourth quarter worth about $111,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America raised their price target on shares of Kirby from $116.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, May 16th.

Kirby Stock Performance

Shares of Kirby stock opened at $112.24 on Monday. Kirby Co. has a one year low of $83.94 and a one year high of $132.21. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 0.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. The business's 50 day moving average price is $101.90 and its 200 day moving average price is $105.86.

Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The shipping company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.27 by $0.06. Kirby had a return on equity of 9.71% and a net margin of 8.78%. The business had revenue of $785.66 million for the quarter, compared to analyst estimates of $824.12 million. During the same quarter in the previous year, the firm earned $1.19 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts predict that Kirby Co. will post 6.57 EPS for the current year.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

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