Calamos Advisors LLC Purchases 10,881 Shares of Knife River Co. (NYSE:KNF)

Calamos Advisors LLC increased its position in Knife River Co. (NYSE:KNF) by 217.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,875 shares of the company’s stock after acquiring an additional 10,881 shares during the quarter. Calamos Advisors LLC’s holdings in Knife River were worth $1,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Knife River by 10.5% in the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock worth $38,201,000 after purchasing an additional 39,991 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Knife River by 34.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company’s stock worth $5,220,000 after buying an additional 13,199 shares during the period. Cerity Partners LLC grew its stake in Knife River by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after buying an additional 5,004 shares in the last quarter. Ausbil Investment Management Ltd raised its holdings in Knife River by 599.5% during the 3rd quarter. Ausbil Investment Management Ltd now owns 19,579 shares of the company’s stock valued at $1,750,000 after acquiring an additional 16,780 shares during the period. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of Knife River during the third quarter worth $567,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Trading Up 0.0 %

Shares of Knife River stock opened at $102.41 on Wednesday. The company has a 50 day simple moving average of $102.61 and a two-hundred day simple moving average of $91.88. The firm has a market cap of $5.80 billion, a PE ratio of 29.34, a PEG ratio of 2.39 and a beta of 0.76. Knife River Co. has a 1 year low of $65.65 and a 1 year high of $108.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson boosted their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their price target on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Loop Capital reduced their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and an average target price of $103.75.

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.