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Kinetik Stock Is Down 34% -- But Does a $69 Million Bet Signal a Potential Turnaround Play?
The Motley Foolยท 2025-12-09 22:01
A beaten-down midstream name just earned a high-conviction vote from one value investor.New York City-based Brave Warrior Advisors disclosed a new position in Kinetik Holdings Inc. (KNTK +0.68%), acquiring 1.6 million shares for an estimated $68.8 million in the third quarter, according to a November 14 SEC filing.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Brave Warrior Advisors established a new equity position in Kinetik Holdings Inc. (KNTK +0.68%). T ...