Market Runner: Knight Transportation Can’t Burn Your Short Portfolio. Has Another Weak Session

Market Runner: Knight Transportation Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Knight Transportation (NYSE:KNX) is a huge mover today! About 381,615 shares traded hands. Knight Transportation (NYSE:KNX) has risen 5.90% since March 11, 2016 and is uptrending. It has outperformed by 0.44% the S&P500.
The move comes after 6 months negative chart setup for the $2.14B company. It was reported on Oct, 14 by We have $25.82 PT which if reached, will make NYSE:KNX worth $128.40M less.

Analysts await Knight Transportation (NYSE:KNX) to report earnings on October, 19. They expect $0.29 EPS, down 21.62% or $0.08 from last year’s $0.37 per share. KNX’s profit will be $22.59M for 23.68 P/E if the $0.29 EPS becomes a reality. After $0.31 actual EPS reported by Knight Transportation for the previous quarter, Wall Street now forecasts -6.45% negative EPS growth.

Knight Transportation (NYSE:KNX) Ratings Coverage

Out of 16 analysts covering Knight Transportation (NYSE:KNX), 5 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 31% are positive. Knight Transportation has been the topic of 40 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, December 4 by Longbow. The stock of Knight Transportation (NYSE:KNX) has “Sell” rating given on Thursday, October 22 by UBS. The firm earned “Hold” rating on Thursday, April 21 by Stifel Nicolaus. As per Monday, July 11, the company rating was maintained by Citigroup. The rating was maintained by Cowen & Co with “Outperform” on Thursday, October 22. The stock of Knight Transportation (NYSE:KNX) earned “Buy” rating by Bank of America on Monday, February 22. The firm earned “Market Underperform” rating on Thursday, June 23 by Avondale. On Wednesday, January 13 the stock rating was downgraded by William Blair to “Market Perform”. RBC Capital Markets maintained it with “Sector Perform” rating and $28 target price in Thursday, July 23 report. As per Thursday, April 21, the company rating was maintained by Credit Suisse.

According to Zacks Investment Research, “KNIGHT TRANSPORTATION INC. is a short to medium-haul, dry van truckload carrier operating in the western region of the United States. Co. transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers and imported and exported commodities.”

Insitutional Activity: The institutional sentiment increased to 1.57 in Q2 2016. Its up 0.44, from 1.13 in 2016Q1. The ratio improved, as 16 funds sold all Knight Transportation shares owned while 40 reduced positions. 16 funds bought stakes while 72 increased positions. They now own 69.89 million shares or 0.04% more from 69.86 million shares in 2016Q1.
Timpani Mngmt reported 34,776 shares or 0.39% of all its holdings. State Street last reported 1.41 million shares in the company. Sentinel Asset Mgmt holds 0.27% or 429,499 shares in its portfolio. Public Employees Retirement Association Of Colorado accumulated 0% or 15,733 shares. Svcs Automobile Association accumulated 0% or 23,290 shares. State Of Wisconsin Investment Board, a Wisconsin-based fund reported 461,222 shares. Natl Bank Of New York Mellon owns 4.92 million shares or 0.04% of their US portfolio. Savings Bank Of Montreal Can holds 3,983 shares or 0% of its portfolio. Comerica Natl Bank owns 61,446 shares or 0.02% of their US portfolio. Deutsche Financial Bank Ag has 0% invested in the company for 93,687 shares. Credit Suisse Ag reported 54,052 shares or 0% of all its holdings. Citadel Advsr Ltd has invested 0.03% of its portfolio in Knight Transportation (NYSE:KNX). The New York-based Timessquare Mngmt Limited Co has invested 0.4% in Knight Transportation (NYSE:KNX). Neville Rodie & Shaw Inc has 19,868 shares for 0.06% of their US portfolio. Dudley Shanley Lc has 5.94% invested in the company for 979,770 shares.

Insider Transactions: Since April 22, 2016, the stock had 0 insider purchases, and 6 sales for $38.19 million net activity. MADDEN G D sold $26,673 worth of stock or 1,000 shares. KNIGHT GARY J had sold 300,000 shares worth $8.51M. The insider Yu Wayne sold $94,688. KNIGHT KEVIN P sold $14.43 million worth of Knight Transportation (NYSE:KNX) on Wednesday, August 3.

More news for Knight Transportation (NYSE:KNX) were recently published by:, which released: “Knight Transportation, Inc. Announces Upcoming Release of Third Quarter …” on October 06, 2016.‘s article titled: “Research Coverage on Trucking Stocks — Swift Transportation, Knight …” and published on September 19, 2016 is yet another important article.

KNX Company Profile

Knight Transportation, Inc., incorporated on August 31, 1989, is a well-known provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Firm operates through two divisions: Trucking and Logistics. The Firm provides a range of truckload and logistics services through its nationwide network of service centers, truckload tractor fleets and its contractual access to third-party capacity providers. The Firm operates primarily in the United States with minor activities in Canada and Mexico.

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