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

Advantage Alpha Capital Partners LP lessened its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 18.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 66,368 shares of the company's stock after selling 15,075 shares during the quarter. Knife River comprises approximately 1.6% of Advantage Alpha Capital Partners LP's holdings, making the stock its 17th largest position. Advantage Alpha Capital Partners LP owned approximately 0.12% of Knife River worth $6,746,000 as of its most recent SEC filing.

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

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KNF. Oppenheimer lifted their target price on Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Stephens reissued an "overweight" rating and set a $120.00 target price on shares of Knife River in a research note on Friday, February 14th. Finally, Wells Fargo & Company started coverage on shares of Knife River in a report on Monday, March 10th. They set an "overweight" rating and a $102.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $110.40.

Knife River Stock Down 3.5 %

Knife River stock traded down $3.26 during mid-day trading on Friday, hitting $89.59. The company's stock had a trading volume of 410,420 shares, compared to its average volume of 404,610. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a market cap of $5.07 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. 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 firm's 50 day moving average is $97.26 and its 200 day moving average is $96.72.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. On average, analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current 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.