Knife River Co. (NYSE:KNF) Stock Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Knife River Co. (NYSE:KNFFree Report) by 129.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312 shares of the company’s stock after buying an additional 176 shares during the quarter. GAMMA Investing LLC’s holdings in Knife River were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KNF. International Assets Investment Management LLC bought a new position in Knife River during the 2nd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Knife River in the second quarter worth about $43,000. DekaBank Deutsche Girozentrale acquired a new stake in Knife River in the 2nd quarter valued at about $96,000. Horan Capital Advisors LLC. bought a new position in shares of Knife River during the 1st quarter valued at about $203,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Knife River during the 1st quarter valued at about $206,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Down 0.9 %

NYSE KNF opened at $93.44 on Friday. Knife River Co. has a 12 month low of $46.51 and a 12 month high of $95.06. The company has a market capitalization of $5.29 billion, a P/E ratio of 30.14, a PEG ratio of 2.17 and a beta of 0.82. The company’s 50 day simple moving average is $83.16 and its 200 day simple moving average is $77.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49.

Knife River (NYSE:KNFGet Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $806.90 million during the quarter, compared to analyst estimates of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.00 EPS. Equities research analysts expect that Knife River Co. will post 3.72 earnings per share for the current fiscal year.

Knife River Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Knife River (NYSE:KNF)

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