Sei Investments Co. Sells 5,845 Shares of Knife River Co. (NYSE:KNF)

Sei Investments Co. decreased its position in shares of Knife River Co. (NYSE:KNF) by 12.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,591 shares of the company’s stock after selling 5,845 shares during the quarter. Sei Investments Co.’s holdings in Knife River were worth $2,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of KNF. Bayesian Capital Management LP bought a new stake in Knife River during the 1st quarter valued at $687,000. Swedbank AB bought a new stake in shares of Knife River during the first quarter worth about $9,730,000. Congress Asset Management Co. MA acquired a new stake in shares of Knife River in the 1st quarter worth about $4,408,000. Lighthouse Investment Partners LLC bought a new position in Knife River in the 4th quarter valued at about $6,130,000. Finally, Comerica Bank boosted its stake in Knife River by 59.2% during the 1st quarter. Comerica Bank now owns 42,635 shares of the company’s stock valued at $3,457,000 after purchasing an additional 15,848 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stephens assumed coverage on Knife River in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

Knife River Trading Up 0.3 %

Shares of KNF stock opened at $88.37 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.17 and a beta of 0.81. Knife River Co. has a 52-week low of $46.51 and a 52-week high of $93.77. The company has a 50-day simple moving average of $79.87 and a two-hundred day simple moving average of $76.74.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The company had revenue of $806.90 million during the quarter, compared to the consensus estimate of $803.81 million. During the same period last year, the business posted $1.00 earnings per share. Knife River’s revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that Knife River Co. will post 3.72 EPS for the current fiscal year.

About Knife River

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.