Oxford Asset Management buys $13,232,819 stake in Kirby Corporation (KEX)

Kirby Corporation (KEX) : Oxford Asset Management scooped up 46,445 additional shares in Kirby Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 244,193 shares of Kirby Corporation which is valued at $13,232,819.Kirby Corporation makes up approximately 0.52% of Oxford Asset Management’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp boosted its stake in KEX in the latest quarter, The investment management firm added 109,200 additional shares and now holds a total of 1,161,700 shares of Kirby Corporation which is valued at $62,952,523. Kirby Corporation makes up approx 0.39% of Royce Associates Lp’s portfolio.Glenmede Trust Co Na boosted its stake in KEX in the latest quarter, The investment management firm added 86 additional shares and now holds a total of 12,891 shares of Kirby Corporation which is valued at $714,548. Neuberger Berman Group added KEX to its portfolio by purchasing 630,600 company shares during the most recent quarter which is valued at $34,954,158. Kirby Corporation makes up approx 0.05% of Neuberger Berman Group’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in KEX in the latest quarter, The investment management firm added 436 additional shares and now holds a total of 18,607 shares of Kirby Corporation which is valued at $985,613. Kirby Corporation makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.

Kirby Corporation opened for trading at $53.95 and hit $54.66 on the upside on Monday, eventually ending the session at $54.3, with a gain of 0.69% or 0.37 points. The heightened volatility saw the trading volume jump to 4,81,400 shares. Company has a market cap of $2,924 M.

On the company’s financial health, Kirby Corporation reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.70. The company had revenue of $441.58 million for the quarter, compared to analysts expectations of $454.76 million. The company’s revenue was down -18.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Kirby Corporation. Kirby Corporation was Downgraded by Wells Fargo to ” Underperform” on Jul 25, 2016. Kirby Corporation was Downgraded by Credit Suisse to ” Neutral” on Jun 21, 2016.

Kirby Corporation is the domestic tank barge operator transporting bulk liquid products. The Company through its subsidiaries operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment sells replacement parts provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines transmissions reduction gears pumps and compression products maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines transmissions and entire reduction gears and manufactures and remanufactures oilfield service equipment including pressure pumping units. Its customers include oil service companies offshore fishing companies nuclear power industry compression companies and construction companies among others.

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