Knowles Co. (NYSE:KN) VP Air A. Jr. Bastarrica Sells 3,762 Shares

Knowles Co. (NYSE:KN) VP Air A. Jr. Bastarrica sold 3,762 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $19.46, for a total value of $73,208.52. Following the sale, the vice president now directly owns 61,681 shares of the company’s stock, valued at $1,200,312.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Knowles Trading Down 0.9 %

Knowles stock traded down $0.18 during mid-day trading on Thursday, hitting $19.17. The stock had a trading volume of 565,440 shares, compared to its average volume of 576,257. The stock has a 50-day simple moving average of $17.56 and a two-hundred day simple moving average of $17.49. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.69 billion, a PE ratio of -8.27 and a beta of 1.42. Knowles Co. has a 12 month low of $14.97 and a 12 month high of $19.73.

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

Wall Street Analyst Weigh In

KN has been the subject of a number of research analyst reports. Susquehanna cut their price target on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th.

Institutional Trading of Knowles

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of Knowles by 569.5% in the 2nd quarter. Victory Capital Management Inc. now owns 665,947 shares of the communications equipment provider’s stock valued at $11,494,000 after buying an additional 566,476 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Knowles by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,678,995 shares of the communications equipment provider’s stock valued at $115,277,000 after purchasing an additional 375,822 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Knowles during the 2nd quarter worth approximately $3,468,000. Ariel Investments LLC raised its holdings in Knowles by 3.7% during the 1st quarter. Ariel Investments LLC now owns 5,187,144 shares of the communications equipment provider’s stock worth $83,513,000 after buying an additional 183,991 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in Knowles in the second quarter valued at approximately $2,777,000. Institutional investors own 96.35% of the company’s stock.

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).