Knife River Co. (NYSE:KNF) Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Knife River Co. (NYSE:KNF) by 129.4% in the third quarter, Holdings Channel.com reports. The firm owned 312 shares of the company’s stock after acquiring an additional 176 shares during the quarter. GAMMA Investing LLC’s holdings in Knife River were worth $28,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KNF. International Assets Investment Management LLC acquired a new position in Knife River in the 2nd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Knife River during the 2nd quarter valued at $43,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Knife River in the second quarter worth $96,000. Horan Capital Advisors LLC. acquired a new stake in Knife River during the first quarter valued at $203,000. Finally, Koshinski Asset Management Inc. purchased a new position in Knife River in the first quarter valued at about $206,000. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Stock Down 0.9 %

KNF opened at $93.44 on Friday. The company has a market capitalization of $5.29 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. Knife River Co. has a fifty-two week low of $46.51 and a fifty-two week high of $95.06. The business has a 50-day moving average of $83.16 and a 200-day moving average of $77.61.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. The firm had revenue of $806.90 million for the quarter, compared to analyst estimates of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. Equities research analysts forecast that Knife River Co. will post 3.72 EPS for the current fiscal year.

Knife River Company 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.