Calamos Advisors LLC Grows Stock Holdings in Knife River Co. (NYSE:KNF)

Calamos Advisors LLC lifted its position in shares of Knife River Co. (NYSE:KNF) by 217.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,875 shares of the company’s stock after purchasing an additional 10,881 shares during the period. Calamos Advisors LLC’s holdings in Knife River were worth $1,614,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Algert Global LLC bought a new position in Knife River in the second quarter worth about $379,000. Creative Planning raised its position in shares of Knife River by 36.3% in the 2nd quarter. Creative Planning now owns 5,872 shares of the company’s stock worth $412,000 after acquiring an additional 1,565 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Knife River by 40.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 10,800 shares of the company’s stock valued at $965,000 after purchasing an additional 3,100 shares during the period. GAMMA Investing LLC boosted its position in shares of 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. Finally, CWM LLC raised its holdings in Knife River by 53.6% in the third quarter. CWM LLC now owns 5,870 shares of the company’s stock worth $525,000 after purchasing an additional 2,049 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Price Performance

Shares of KNF opened at $102.41 on Wednesday. Knife River Co. has a twelve month low of $65.65 and a twelve month high of $108.83. The company has a market capitalization of $5.80 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.76. The firm has a 50 day moving average of $102.61 and a 200 day moving average of $91.88. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company earned $2.58 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Knife River Co. will post 3.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on KNF shares. DA Davidson upped their target price on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer raised 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 dropped their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

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.