Renaissance Technologies LLC Sells 12,700 Shares of Knife River Co. (NYSE:KNF)

Renaissance Technologies LLC reduced its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,700 shares of the company's stock after selling 12,700 shares during the quarter. Renaissance Technologies LLC owned 0.30% of Knife River worth $17,147,000 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 the stock. Larson Financial Group LLC increased its position in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after buying an additional 227 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Knife River in the 4th quarter worth approximately $109,000. Physician Wealth Advisors Inc. bought a new stake in Knife River during the 4th quarter worth approximately $114,000. Finally, Jones Financial Companies Lllp increased its holdings in Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock valued at $169,000 after purchasing an additional 476 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Knife River Trading Down 1.5 %

Knife River stock traded down $1.40 during mid-day trading on Friday, hitting $91.67. The stock had a trading volume of 330,013 shares, compared to its average volume of 419,105. The stock has a 50-day simple moving average of $92.77 and a two-hundred day simple moving average of $97.09. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.19 billion, a PE ratio of 25.90, a P/E/G ratio of 2.36 and a beta of 0.97. Knife River Co. has a 12 month low of $66.13 and a 12 month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $657.20 million during the quarter, compared to analysts' expectations of $655.80 million. As a group, sell-side analysts forecast that Knife River Co. will post 4.11 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stephens restated an "overweight" rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of Knife River in a report on Monday, March 10th. They set an "overweight" rating and a $102.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $110.40.

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.