Knowles Co. (NYSE:KN) SVP Sells 21,080 Shares

Knowles Co. (NYSE:KN) SVP Robert J. Perna sold 21,080 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $17.56, for a total transaction of $370,164.80. Following the sale, the senior vice president now directly owns 66,063 shares in the company, valued at approximately $1,160,066.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Knowles Price Performance

Shares of KN opened at $19.35 on Thursday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -8.27 and a beta of 1.42. The firm’s fifty day simple moving average is $17.56 and its 200-day simple moving average is $17.49. Knowles Co. has a twelve month low of $14.97 and a twelve month high of $19.73. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23.

Knowles (NYSE:KN) last posted its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $142.50 million for the quarter, compared to analyst estimates of $140.97 million. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%. Knowles’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share.

Institutional Investors Weigh In On Knowles

Institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its holdings in Knowles by 7.7% during the third quarter. Natixis Advisors LLC now owns 33,707 shares of the communications equipment provider’s stock worth $608,000 after purchasing an additional 2,400 shares in the last quarter. Royce & Associates LP grew its position in shares of Knowles by 4.4% in the 3rd quarter. Royce & Associates LP now owns 870,123 shares of the communications equipment provider’s stock valued at $15,688,000 after buying an additional 36,700 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Knowles by 64.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,092,161 shares of the communications equipment provider’s stock valued at $19,692,000 after buying an additional 426,214 shares during the last quarter. Versor Investments LP acquired a new stake in Knowles during the 3rd quarter worth $582,000. Finally, Olympiad Research LP purchased a new stake in Knowles in the third quarter valued at $494,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on KN. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Susquehanna decreased their price objective on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, October 25th.

About Knowles

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).