12,506 Shares in Kirby Co. (NYSE:KEX) Bought by Verition Fund Management LLC

Verition Fund Management LLC bought a new position in shares of Kirby Co. (NYSE:KEXGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,506 shares of the shipping company’s stock, valued at approximately $903,000.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Kirby during the first quarter worth $47,000. Point72 Hong Kong Ltd purchased a new position in Kirby in the first quarter valued at $47,000. Econ Financial Services Corp acquired a new position in shares of Kirby in the first quarter worth about $66,000. Ellevest Inc. raised its position in shares of Kirby by 38.0% in the first quarter. Ellevest Inc. now owns 1,568 shares of the shipping company’s stock worth $113,000 after acquiring an additional 432 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Kirby in the first quarter worth about $201,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.

Kirby Trading Down 0.8 %

Shares of Kirby stock opened at $65.63 on Thursday. The firm has a 50-day simple moving average of $65.55 and a two-hundred day simple moving average of $65.70. The company has a market cap of $3.93 billion, a P/E ratio of -18.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28. Kirby Co. has a fifty-two week low of $47.58 and a fifty-two week high of $75.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.26 and a current ratio of 1.94.

About Kirby

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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.

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Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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