Knife River Co. (NYSE:KNF) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC cut its stake in Knife River Co. (NYSE:KNF) by 12.1% in the 1st quarter, HoldingsChannel reports. The fund owned 33,789 shares of the company’s stock after selling 4,658 shares during the period. Ancora Advisors LLC’s holdings in Knife River were worth $2,740,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC lifted its position in Knife River by 38,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after buying an additional 765 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in Knife River in the 1st quarter worth $203,000. Koshinski Asset Management Inc. acquired a new stake in shares of Knife River during the 1st quarter valued at about $206,000. Grimes & Company Inc. bought a new position in Knife River during the 1st quarter valued at about $216,000. Finally, Legacy Wealth Asset Management LLC bought a new position in Knife River during the 1st quarter valued at about $230,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Price Performance

Shares of Knife River stock traded up $0.54 on Wednesday, reaching $79.52. The stock had a trading volume of 602,535 shares, compared to its average volume of 397,711. Knife River Co. has a 1 year low of $42.72 and a 1 year high of $83.78. The company has a market cap of $4.50 billion and a P/E ratio of 25.48. The company has a current ratio of 2.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $72.37 and its two-hundred day moving average is $73.44.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.80) by ($0.04). Knife River had a return on equity of 14.65% and a net margin of 6.19%. The company had revenue of $329.60 million during the quarter, compared to the consensus estimate of $300.98 million. During the same quarter last year, the company posted ($516.50) earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts anticipate that Knife River Co. will post 3.51 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens started coverage on shares of Knife River in a report on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.67.

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.