2 weeks Ago By ABMN Staff
American Century Companies Inc. lowered its stake in shares of Knowles Co. ( NYSE:KN – Free Report ) by 21.
4% in the second quarter, Holdings Channel reports. The firm owned 75,049 shares of the communications equipment provider’s stock after selling 20,463 shares during the period. American Century Companies Inc.
’s holdings in Knowles were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Knowles during the 4th quarter worth about $10,562,000.
Victory Capital Management Inc. lifted its holdings in shares of Knowles by 569.5% during the second quarter.
Victory Capital Management Inc. now owns 665,947 shares of the communications equipment provider’s stock worth $11,494,000 after buying an additional 566,476 shares during the last quarter. Eagle Asset Management Inc.
bought a new stake in shares of Knowles in the fourth quarter valued at approximately $3,832,000. Ariel Investments LLC grew its stake in shares of Knowles by 3.7% in the first quarter.
Ariel Investments LLC now owns 5,187,144 shares of the communications equipment provider’s stock worth $83,513,000 after acquiring an additional 183,991 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Knowles during the second quarter worth $2,777,000.
Institutional investors and hedge funds own 96.35% of the company’s stock. Analyst Upgrades and Downgrades Separately, Susquehanna increased their price target on shares of Knowles from $15.
00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Knowles Stock Down 0.
1 % KN stock opened at $18.03 on Tuesday. Knowles Co.
has a twelve month low of $12.78 and a twelve month high of $19.73.
The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.
28. The company has a market cap of $1.62 billion, a PE ratio of 20.
49 and a beta of 1.42. The business’s 50-day simple moving average is $17.
64 and its 200 day simple moving average is $17.11. Knowles ( NYSE:KN – Get Free Report ) last released its quarterly earnings data on Wednesday, July 31st.
The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.
16). The firm had revenue of $204.70 million for the quarter.
Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.
Insider Buying and Selling at Knowles In other news, Director Cheryl L. Shavers sold 12,579 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $17.
29, for a total transaction of $217,490.91. Following the completion of the transaction, the director now directly owns 48,933 shares of the company’s stock, valued at approximately $846,051.
57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . In other Knowles news, CFO John S.
Anderson sold 10,444 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.
00. Following the completion of the transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at $3,907,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.
29, for a total value of $217,490.91. Following the transaction, the director now directly owns 48,933 shares of the company’s stock, valued at $846,051.
57. The disclosure for this sale can be found here . Insiders have sold 29,748 shares of company stock valued at $530,948 in the last 90 days.
2.65% of the stock is currently owned by company insiders. Knowles Profile ( Free Report ) 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). Read More Want to see what other hedge funds are holding KN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knowles Co.
( NYSE:KN – Free Report ). Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter .
.
