Kirby Co. (NYSE:KEX – Get Rating) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,030,000 shares, a growth of 10.3% from the July 15th total of 1,840,000 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average daily volume of 405,500 shares, the days-to-cover ratio is currently 5.0 days.
Kirby Stock Up 0.9 %
NYSE:KEX traded up $0.61 during trading hours on Tuesday, reaching $67.32. 229,823 shares of the company traded hands, compared to its average volume of 501,503. The business’s 50-day moving average price is $62.06 and its two-hundred day moving average price is $65.25. The stock has a market capitalization of $4.03 billion, a P/E ratio of -19.40, a P/E/G ratio of 2.72 and a beta of 1.32. Kirby has a 1 year low of $47.58 and a 1 year high of $75.08. The company has a current ratio of 1.94, a quick ratio of 1.26 and a debt-to-equity ratio of 0.39.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its stake in Kirby by 55.1% during the second quarter. Captrust Financial Advisors now owns 13,569 shares of the shipping company’s stock valued at $826,000 after buying an additional 4,819 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Kirby by 999.2% in the second quarter. Thrivent Financial for Lutherans now owns 172,651 shares of the shipping company’s stock worth $10,504,000 after purchasing an additional 156,944 shares during the last quarter. Penn Capital Management Company LLC raised its stake in shares of Kirby by 269.8% in the second quarter. Penn Capital Management Company LLC now owns 189,141 shares of the shipping company’s stock worth $11,507,000 after purchasing an additional 137,989 shares during the last quarter. Clear Sky Advisers LLC purchased a new position in shares of Kirby in the second quarter worth $2,859,000. Finally, AQR Capital Management LLC raised its stake in shares of Kirby by 131.1% in the second quarter. AQR Capital Management LLC now owns 60,781 shares of the shipping company’s stock worth $3,661,000 after purchasing an additional 34,478 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
Kirby Company Profile
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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