Advantage Alpha Capital Partners LP Sells 15,075 Shares of Knife River Co. (NYSE:KNF)

Advantage Alpha Capital Partners LP decreased its position in Knife River Co. (NYSE:KNF) by 18.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,368 shares of the company’s stock after selling 15,075 shares during the period. Knife River comprises approximately 1.6% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 17th biggest holding. Advantage Alpha Capital Partners LP’s holdings in Knife River were worth $6,746,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in Knife River by 1.8% in the 3rd quarter. State Street Corp now owns 2,003,069 shares of the company’s stock worth $179,054,000 after acquiring an additional 34,646 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Knife River by 2.0% in the third quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company’s stock worth $119,561,000 after purchasing an additional 26,198 shares during the last quarter. American Century Companies Inc. increased its holdings in Knife River by 1,200.8% during the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company’s stock valued at $90,224,000 after purchasing an additional 819,439 shares during the period. Charles Schwab Investment Management Inc. raised its position in Knife River by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after purchasing an additional 5,791 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in Knife River by 2.5% in the 4th quarter. Congress Asset Management Co. now owns 696,245 shares of the company’s stock worth $70,766,000 after buying an additional 16,698 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on KNF. Wells Fargo & Company initiated coverage on Knife River in a report on Monday, March 10th. They set an “overweight” rating and a $102.00 target price for the company. Oppenheimer lifted their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Stephens reissued an “overweight” rating and issued a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Knife River has a consensus rating of “Buy” and a consensus price target of $110.40.

Knife River Price Performance

KNF stock opened at $91.07 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.36 and a beta of 0.88. The firm has a 50 day moving average price of $97.93 and a 200-day moving average price of $96.34. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83.

Knife River (NYSE:KNF) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Equities research analysts forecast that Knife River Co. will post 4.11 EPS for the current fiscal year.

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.