Peak6 LLC Acquires New Holdings in Knife River Co. (NYSE:KNF)

Peak6 LLC bought a new position in shares of Knife River Co. (NYSE:KNF) in the fourth quarter, Holdings Channel reports. The firm bought 2,063 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after buying an additional 157 shares during the period. GAMMA Investing LLC boosted its holdings in Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after acquiring an additional 227 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Knife River in the fourth quarter valued at about $109,000. Physician Wealth Advisors Inc. bought a new position in shares of Knife River in the fourth quarter worth about $114,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $169,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Down 7.7 %

Shares of KNF stock opened at $84.53 on Tuesday. The stock has a market cap of $4.79 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The stock has a fifty day moving average price of $92.51 and a 200 day moving average price of $97.12. Knife River Co. has a one year low of $66.13 and a one year high of $108.83.

Knife River (NYSE:KNF) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. Analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KNF has been the topic of several recent analyst reports. Wells Fargo & Company assumed coverage on Knife River in a research report on Monday, March 10th. They issued an “overweight” rating and a $102.00 price target on the stock. Stephens reissued an “overweight” rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Knife River has an average rating of “Buy” and a consensus target price of $110.40.

About Knife River

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.