BlueCrest Capital Management Ltd boosted its position in shares of Kirby Corporation (NYSE:KEX) by 15.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,359 shares of the shipping company’s stock after acquiring an additional 1,826 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Kirby Corporation were worth $893,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Gotham Asset Management LLC boosted its holdings in Kirby Corporation by 441.6% during the 2nd quarter. Gotham Asset Management LLC now owns 104,774 shares of the shipping company’s stock valued at $7,004,000 after acquiring an additional 85,428 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in Kirby Corporation during the 2nd quarter valued at about $233,000. S&T Bank PA boosted its holdings in Kirby Corporation by 5.4% during the 2nd quarter. S&T Bank PA now owns 139,947 shares of the shipping company’s stock valued at $9,355,000 after acquiring an additional 7,179 shares during the period. Shelton Capital Management acquired a new stake in Kirby Corporation in the 2nd quarter valued at about $273,000. Finally, Macquarie Group Ltd. raised its position in Kirby Corporation by 2.6% in the 2nd quarter. Macquarie Group Ltd. now owns 451,844 shares of the shipping company’s stock valued at $30,206,000 after purchasing an additional 11,551 shares in the last quarter.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Kirby Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. BidaskClub lowered Kirby Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Cowen and Company reaffirmed a “hold” rating and issued a $70.00 price target on shares of Kirby Corporation in a research report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 price target on shares of Kirby Corporation in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $71.71.

Shares of Kirby Corporation (KEX) opened at 65.95 on Friday. The firm has a 50-day moving average price of $64.28 and a 200-day moving average price of $65.84. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 30.22 and a beta of 1.01. Kirby Corporation has a 52-week low of $55.11 and a 52-week high of $74.50.

Kirby Corporation (NYSE:KEX) last issued its earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a return on equity of 4.85% and a net margin of 6.41%. The company had revenue of $473.33 million during the quarter, compared to the consensus estimate of $478.85 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. Analysts predict that Kirby Corporation will post $1.96 EPS for the current fiscal year.

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Kirby Corporation Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

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Institutional Ownership by Quarter for Kirby Corporation (NYSE:KEX)

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