SG Americas Securities LLC Has $361,000 Position in Knowles Corporation (NYSE:KN)

SG Americas Securities LLC grew its position in Knowles Corporation (NYSE:KN) by 50.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,763 shares of the communications equipment provider’s stock after purchasing an additional 7,925 shares during the period. SG Americas Securities LLC’s holdings in Knowles were worth $361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Knowles in the 1st quarter valued at $326,000. GAMMA Investing LLC boosted its stake in shares of Knowles by 1,518.9% in the 1st quarter. GAMMA Investing LLC now owns 45,022 shares of the communications equipment provider’s stock valued at $684,000 after purchasing an additional 42,241 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Knowles by 725.6% in the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,444 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Knowles by 123.5% in the 1st quarter. Central Pacific Bank Trust Division now owns 21,747 shares of the communications equipment provider’s stock valued at $331,000 after purchasing an additional 12,017 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in shares of Knowles by 118.1% in the 1st quarter. First Hawaiian Bank now owns 34,007 shares of the communications equipment provider’s stock valued at $517,000 after purchasing an additional 18,415 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KN. Wall Street Zen downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Robert W. Baird upped their price target on shares of Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Finally, Craig Hallum upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, April 7th.

Insiders Place Their Bets

In other Knowles news, SVP Raymond D. Cabrera sold 5,545 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $17.25, for a total transaction of $95,651.25. Following the completion of the sale, the senior vice president now directly owns 111,286 shares of the company’s stock, valued at approximately $1,919,683.50. The trade was a 4.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.54% of the company’s stock.

Knowles Price Performance

Shares of NYSE KN opened at $17.59 on Thursday. The firm’s 50-day simple moving average is $16.50 and its 200 day simple moving average is $17.33. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -6.51 and a beta of 1.41. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.16. Knowles Corporation has a 12-month low of $12.19 and a 12-month high of $20.86.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $132.20 million for the quarter, compared to the consensus estimate of $128.95 million. Knowles had a negative net margin of 38.96% and a positive return on equity of 6.35%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS.

Knowles 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).