Trexquant Investment LP Takes Position in Knife River Co. (NYSE:KNF)

Trexquant Investment LP acquired a new stake in Knife River Co. (NYSE:KNFFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,435 shares of the company’s stock, valued at approximately $3,139,000. Trexquant Investment LP owned 0.08% of Knife River as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Financial Management Professionals Inc. purchased a new position in shares of Knife River in the 4th quarter valued at about $35,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Knife River during the third quarter valued at approximately $34,000. Planned Solutions Inc. acquired a new position in shares of Knife River during the fourth quarter valued at approximately $53,000. Clear Street Markets LLC acquired a new position in shares of Knife River during the third quarter valued at approximately $59,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Knife River during the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

KNF has been the subject of several recent research reports. Oppenheimer increased their price target on Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Loop Capital started coverage on Knife River in a research report on Tuesday, February 13th. They set a “buy” rating and a $81.00 price target for the company. Finally, Wolfe Research assumed coverage on Knife River in a research report on Friday, March 8th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Knife River currently has a consensus rating of “Moderate Buy” and an average target price of $76.20.

Read Our Latest Stock Report on Knife River

Knife River Stock Up 2.9 %

NYSE KNF traded up $2.05 during trading on Friday, reaching $72.22. 430,519 shares of the company’s stock were exchanged, compared to its average volume of 362,916. The company has a 50 day moving average price of $77.83 and a two-hundred day moving average price of $69.76. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.75. Knife River Co. has a 1 year low of $33.67 and a 1 year high of $83.78. The stock has a market cap of $4.09 billion and a P/E ratio of 23.30.

Knife River (NYSE:KNFGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by ($0.04). The company had revenue of $329.60 million during the quarter, compared to analyst estimates of $300.98 million. Knife River had a net margin of 6.19% and a return on equity of 14.65%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned ($516.50) EPS. On average, equities research analysts anticipate that Knife River Co. will post 3.52 EPS for the current fiscal year.

Knife River Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knife River Co. (NYSE:KNFFree Report).

Institutional Ownership by Quarter for Knife River (NYSE:KNF)

Receive News & Ratings for Knife River Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knife River and related companies with MarketBeat.com's FREE daily email newsletter.