Private Harbour Investment Management & Counsel LLC Sells 605 Shares of Knowles Co. (NYSE:KN)

Private Harbour Investment Management & Counsel LLC decreased its position in shares of Knowles Co. (NYSE:KN) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,625 shares of the communications equipment provider’s stock after selling 605 shares during the quarter. Private Harbour Investment Management & Counsel LLC’s holdings in Knowles were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in Knowles by 38.0% in the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 836 shares during the period. Inspire Investing LLC increased its position in Knowles by 4.5% during the 1st quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock valued at $360,000 after purchasing an additional 973 shares during the period. ProShare Advisors LLC increased its position in Knowles by 6.1% during the 1st quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock valued at $288,000 after purchasing an additional 1,028 shares during the period. Louisiana State Employees Retirement System raised its holdings in Knowles by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock worth $780,000 after purchasing an additional 1,100 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Knowles by 4.8% in the 4th quarter. QRG Capital Management Inc. now owns 26,470 shares of the communications equipment provider’s stock valued at $474,000 after purchasing an additional 1,206 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Stock Up 0.7 %

Knowles stock opened at $16.81 on Thursday. 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 capitalization of $1.51 billion, a PE ratio of 19.10 and a beta of 1.42. The firm’s fifty day moving average is $17.81 and its 200 day moving average is $17.01. Knowles Co. has a 12-month low of $12.78 and a 12-month high of $19.73.

Knowles (NYSE:KN) 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). Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The company had revenue of $204.70 million for the quarter.

Analysts Set New Price Targets

Separately, Susquehanna upped their price target on shares of Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th.

Insider Buying and Selling at Knowles

In other Knowles news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total transaction of $193,214.00. Following the completion of the sale, the chief financial officer now owns 211,200 shares in the company, valued at approximately $3,907,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.65% 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).