Tribune Investment Group LP Acquires Shares of 41,000 Knife River Co. (NYSE:KNF)

Tribune Investment Group LP bought a new stake in Knife River Co. (NYSE:KNF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,000 shares of the company's stock, valued at approximately $4,167,000. Knife River comprises approximately 2.3% of Tribune Investment Group LP's investment portfolio, making the stock its 22nd largest position. Tribune Investment Group LP owned about 0.07% of Knife River at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Knife River during the fourth quarter worth about $331,000. Mariner LLC lifted its holdings in shares of Knife River by 92.9% in the fourth quarter. Mariner LLC now owns 6,766 shares of the company's stock worth $688,000 after buying an additional 3,258 shares in the last quarter. Bragg Financial Advisors Inc boosted its position in shares of Knife River by 0.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company's stock valued at $4,611,000 after acquiring an additional 185 shares during the period. Townsquare Capital LLC grew its stake in Knife River by 16.3% during the fourth quarter. Townsquare Capital LLC now owns 32,896 shares of the company's stock valued at $3,344,000 after acquiring an additional 4,619 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Knife River by 21.5% during the 4th quarter. Sterling Capital Management LLC now owns 22,522 shares of the company's stock worth $2,289,000 after acquiring an additional 3,980 shares during the period. 80.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KNF shares. Wells Fargo & Company started coverage on shares of Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 price target for the company. Stephens reissued an "overweight" rating and issued a $120.00 target price on shares of Knife River in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $110.40.

Knife River Trading Down 1.5 %

Shares of Knife River stock traded down $1.40 on Friday, hitting $91.67. The stock had a trading volume of 330,013 shares, compared to its average volume of 419,059. The stock's 50-day simple moving average is $92.77 and its two-hundred day simple moving average is $97.02. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.36 and a beta of 0.97.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 net margin of 6.96% and a return on equity of 14.82%. As a group, sell-side analysts predict that Knife River Co. will post 4.11 EPS for the current 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.