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Institutional Investors in Knife River Corporation (NYSE:KNF) Must Be Dismayed After Prices Dropped by 9.6% Last Week

Institutional Investors in Knife River Corporation (NYSE:KNF) Must Be Dismayed After Prices Dropped by 9.6% Last Week

上週價格下跌9.6%後,Knife River Corporation(紐約證券交易所代碼:KNF)的機構投資者一定感到沮喪
Simply Wall St ·  05/24 00:17

Key Insights

主要見解

  • Institutions' substantial holdings in Knife River implies that they have significant influence over the company's share price
  • A total of 19 investors have a majority stake in the company with 50% ownership
  • Recent purchases by insiders
  • 機構對Knife River的大量持股意味着他們對公司的股價有重要的影響。
  • 共有19個投資者擁有該公司50%的所有權。
  • 最近有內部人員購買。

If you want to know who really controls Knife River Corporation (NYSE:KNF), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 80% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

如果你想知道誰真正控制了Knife River Corporation (NYSE:KNF),那麼你將不得不查看其股權登記資料。而擁有最大份額的是擁有80%所有權的機構。這意味着,如果該股票上漲,該集團將獲得最多的收益(或者如果股市下跌,將承擔最大的損失)。

And following last week's 9.6% decline in share price, institutional suffered the most losses.

在上週9.6%的股價下跌後,機構遭受了最大的損失。

Let's take a closer look to see what the different types of shareholders can tell us about Knife River.

讓我們更仔細地看看股東的不同類型可以告訴我們關於Knife River的什麼信息。

ownership-breakdown
NYSE:KNF Ownership Breakdown May 23rd 2024
NYSE:KNF的所有權分佈於2024年5月23日

What Does The Institutional Ownership Tell Us About Knife River?

機構持有Knife River的股份,這表明在專業投資者中有一定的可信度。但我們不能僅僅依靠這個事實,因爲機構有時會做出糟糕的投資決策,就像其他人一樣。如果兩個大型機構投資者同時試圖拋售股票,大股價下跌並不罕見。因此,值得檢查Knife River的過去收益軌跡(如下)。當然,也要記住其他要考慮的因素。

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

許多機構衡量其業績的標準是一個近似於當地市場的指數。因此,他們通常更加關注包括在主要指數中的公司。

As you can see, institutional investors have a fair amount of stake in Knife River. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Knife River, (below). Of course, keep in mind that there are other factors to consider, too.

如圖所示,機構投資者在Knife River中持有相當數量的股份。這表明在專業投資者中有一定的可信度。但我們不能僅僅依靠這個事實,因爲機構有時會做出糟糕的投資決策,就像其他人一樣。如果兩個大型機構投資者同時試圖拋售股票,大股價下跌並不罕見。 因此,值得檢查Knife River的過去收益軌跡(如下)。當然,也要記住其他要考慮的因素。

earnings-and-revenue-growth
NYSE:KNF Earnings and Revenue Growth May 23rd 2024
NYSE:KNF的盈利和營業收入增長於2024年5月23日

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Knife River. BlackRock, Inc. is currently the company's largest shareholder with 12% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 10% and 3.5%, of the shares outstanding, respectively.

機構投資者擁有公司的50%以上股份,因此他們可能會強烈影響董事會的決策。我們注意到對Knife River來說,對沖基金並沒有意義。目前,BlackRock,Inc.是這家公司的最大股東,持有12%的流通股。同時,第二和第三大股東分別持有流通股的10%和3.5%。

After doing some more digging, we found that the top 19 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

經過進一步的挖掘,我們發現前19名股東在公司中擁有50%的股份,這表明沒有單一股東對公司具有重大控制力。

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

研究機構所有權是衡量和過濾股票預期表現的好方法。通過研究分析師的情緒也可以實現同樣的目的。由於有相當數量的分析師涵蓋這支股票,因此了解他們對未來的整體看法可能會有所幫助。

Insider Ownership Of Knife River

Knife River公司內部的持股情況

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

雖然內部人員的具體定義可能是主觀的,但幾乎所有人都認爲董事會成員是內部人員。公司管理層應向董事會回答問題,後者應代表股東的利益。值得注意的是,有時高層管理人員也會成爲董事會成員。

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

當內部人持股情況表明領導層思考和公司真正所有者一樣時,內部所有權是積極的。然而,高達內部人士所有權也可能爲公司內的小團體帶來巨大的權力。在某些情況下,這可能是負面的。

Our information suggests that Knife River Corporation insiders own under 1% of the company. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around US$25m worth of shares (at current prices). It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.

我們的信息表明,Knife River Corporation內部人員擁有不到1%的公司股份。這是一家相當大的公司,因此董事會成員可以擁有該公司相當大的利益,而不擁有太多的比例利益。在這種情況下,他們擁有價值約2500萬美元的股票(按當前價格計算)。擁有至少一些內部人員的股份是好事,但檢查一下這些內部人員是否一直在拋售有意義。

General Public Ownership

一般大衆所有權

With a 19% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Knife River. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

擁有19%所有權的普通公衆,大多是個人投資者,對Knife River有一定的影響力。儘管該群體不能決定如何運營公司,但他們確實可以對公司運營產生真正的影響。

Next Steps:

下一步:

It's always worth thinking about the different groups who own shares in a company. But to understand Knife River better, we need to consider many other factors. Take risks for example - Knife River has 1 warning sign we think you should be aware of.

始終考慮到公司股東的不同群體是值得的。但要更好地了解Knife River,我們需要考慮許多其他因素。例如,風險- Knife River有1個警告標誌,我們認爲你應該注意。

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

如果您想發現分析師對未來增長的預測,請不要錯過這份有關分析師預測的免費報告。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

譯文內容由第三人軟體翻譯。


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