Schonfeld Strategic Advisors LLC Sells 97,797 Shares of Kirby Co. (NYSE:KEX)

Schonfeld Strategic Advisors LLC lessened its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 88.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,166 shares of the shipping company's stock after selling 97,797 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Kirby were worth $1,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KEX. Empowered Funds LLC bought a new stake in Kirby during the fourth quarter valued at $25,000. R Squared Ltd bought a new stake in shares of Kirby during the 4th quarter valued at about $76,000. Quarry LP purchased a new position in shares of Kirby during the fourth quarter worth about $133,000. Canada Pension Plan Investment Board increased its position in shares of Kirby by 433.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the shipping company's stock worth $169,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Kirby by 13.1% in the fourth quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock valued at $185,000 after purchasing an additional 202 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors.

Kirby Price Performance

Shares of Kirby stock opened at $102.18 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. Kirby Co. has a 52-week low of $83.94 and a 52-week high of $132.21. The company has a fifty day moving average of $97.68 and a 200-day moving average of $108.35. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Stifel Nicolaus lowered their price target on Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Bank of America cut their price objective on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a report on Friday, March 28th.

Kirby Profile

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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