Knowles Co. (NYSE:KN) Short Interest Update

Knowles Co. (NYSE:KN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,250,000 shares, a growth of 12.8% from the December 31st total of 2,880,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 581,300 shares, the short-interest ratio is presently 5.6 days.

Analyst Ratings Changes

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

Knowles Price Performance

Shares of KN stock traded down $0.65 during trading on Monday, hitting $18.28. The company had a trading volume of 542,708 shares, compared to its average volume of 541,348. The firm has a market capitalization of $1.61 billion, a P/E ratio of -7.81 and a beta of 1.42. Knowles has a one year low of $14.97 and a one year high of $20.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 2.35. The stock’s 50-day moving average price is $19.77 and its 200 day moving average price is $18.48.

Insider Buying and Selling at Knowles

In other Knowles news, VP Air A. Jr. Bastarrica sold 3,762 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $19.46, for a total transaction of $73,208.52. Following the completion of the sale, the vice president now directly owns 61,681 shares in the company, valued at $1,200,312.26. This trade represents a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Niew sold 157,699 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.98, for a total value of $2,993,127.02. Following the completion of the transaction, the chief executive officer now directly owns 820,698 shares in the company, valued at $15,576,848.04. The trade was a 16.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.57% of the company’s stock.

Institutional Trading of Knowles

A number of institutional investors have recently modified their holdings of KN. CWM LLC increased its stake in Knowles by 20.0% in the third quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock valued at $66,000 after acquiring an additional 607 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Knowles by 4.8% in the 2nd quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock valued at $248,000 after purchasing an additional 661 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Knowles by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 668 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Knowles by 4.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider’s stock worth $324,000 after buying an additional 748 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Knowles by 10.0% in the third quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider’s stock valued at $167,000 after buying an additional 845 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

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).