Knife River Co. (NYSE:KNF) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 217.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,875 shares of the company's stock after acquiring an additional 10,881 shares during the quarter. Calamos Advisors LLC's holdings in Knife River were worth $1,614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KNF. GAMMA Investing LLC raised its stake in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Huntington National Bank raised its stake in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company's stock valued at $31,000 after purchasing an additional 293 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Knife River during the third quarter valued at $60,000. Sittner & Nelson LLC raised its stake in Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company's stock valued at $86,000 after purchasing an additional 150 shares in the last quarter. Finally, Covestor Ltd raised its stake in Knife River by 13.2% during the third quarter. Covestor Ltd now owns 1,288 shares of the company's stock valued at $115,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 80.11% of the company's stock.

Knife River Trading Down 1.7 %

KNF stock traded down $1.75 during trading on Friday, hitting $102.75. The company had a trading volume of 363,013 shares, compared to its average volume of 339,194. The firm has a market capitalization of $5.82 billion, a P/E ratio of 29.44, a PEG ratio of 2.41 and a beta of 0.76. Knife River Co. has a 52-week low of $65.67 and a 52-week high of $108.83. The company has a 50 day simple moving average of $102.64 and a 200-day simple moving average of $92.22. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KNF shares. DA Davidson upped their price target on shares of Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Oppenheimer increased their target price on shares of Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Loop Capital reduced their target price on shares of Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Knife River has an average rating of "Moderate Buy" and an average target price of $103.75.

Knife River 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.