Bryce Point Capital LLC Makes New $542,000 Investment in Kirby Co. (NYSE:KEX)

Bryce Point Capital LLC purchased a new position in shares of Kirby Co. (NYSE:KEX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,122 shares of the shipping company's stock, valued at approximately $542,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in shares of Kirby during the 4th quarter worth approximately $25,000. R Squared Ltd acquired a new position in shares of Kirby in the fourth quarter valued at approximately $76,000. Virtus Fund Advisers LLC raised its position in Kirby by 38.8% during the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company's stock worth $102,000 after buying an additional 233 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in Kirby in the third quarter valued at about $202,000. Finally, Signaturefd LLC grew its holdings in Kirby by 13.1% during the fourth quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock worth $185,000 after acquiring an additional 202 shares during the period. Hedge funds and other institutional investors own 96.15% of the company's stock.

Insider Buying and Selling at Kirby

In related news, VP Scott P. Miller sold 1,244 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total value of $133,866.84. Following the sale, the vice president now owns 5,545 shares of the company's stock, valued at approximately $596,697.45. This trade represents a 18.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on KEX. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Bank of America dropped their price target on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Stifel Nicolaus decreased their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, January 31st.

Kirby Trading Up 10.0 %

Shares of NYSE:KEX traded up $8.74 during trading on Wednesday, reaching $96.06. The stock had a trading volume of 809,182 shares, compared to its average volume of 538,567. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.47 billion, a P/E ratio of 19.56, a PEG ratio of 0.88 and a beta of 0.99. The business has a fifty day moving average price of $101.14 and a 200-day moving average price of $111.80. Kirby Co. has a fifty-two week low of $83.94 and a fifty-two week high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.01). Kirby had a return on equity of 9.71% and a net margin of 8.78%. As a group, analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

Kirby Profile

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.