Louisiana State Employees Retirement System Acquires Shares of 45,200 Knowles Co. (NYSE:KN)

Louisiana State Employees Retirement System acquired a new stake in Knowles Co. (NYSE:KN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,200 shares of the communications equipment provider’s stock, valued at approximately $810,000. Louisiana State Employees Retirement System owned 0.05% of Knowles at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KN. Nordea Investment Management AB lifted its position in shares of Knowles by 81.9% in the fourth quarter. Nordea Investment Management AB now owns 339,021 shares of the communications equipment provider’s stock valued at $6,096,000 after acquiring an additional 152,626 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Knowles in the fourth quarter valued at approximately $4,083,000. Dark Forest Capital Management LP lifted its position in shares of Knowles by 477.5% in the third quarter. Dark Forest Capital Management LP now owns 61,380 shares of the communications equipment provider’s stock valued at $909,000 after acquiring an additional 50,751 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Knowles by 8.1% in the third quarter. Schroder Investment Management Group now owns 762,230 shares of the communications equipment provider’s stock valued at $11,289,000 after acquiring an additional 56,844 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Knowles by 1.0% in the third quarter. Swiss National Bank now owns 200,900 shares of the communications equipment provider’s stock valued at $2,975,000 after acquiring an additional 2,000 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 10,300 shares of Knowles stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $16.90, for a total value of $174,070.00. Following the sale, the senior vice president now owns 94,870 shares in the company, valued at $1,603,303. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.65% of the company’s stock.

Knowles Stock Performance

Shares of Knowles stock opened at $16.03 on Friday. Knowles Co. has a one year low of $12.78 and a one year high of $18.48. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 20.29 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.61. The business’s 50 day moving average price is $15.97 and its 200 day moving average price is $16.03.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Knowles had a return on equity of 5.28% and a net margin of 10.23%. The firm had revenue of $215.20 million for the quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. TheStreet upgraded Knowles from a “d+” rating to a “c-” rating in a research report on Tuesday, January 2nd.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).