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

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 stock was sold at an average price of $19.46, for a total value of $73,208.52. Following the transaction, the vice president now owns 61,681 shares in the company, valued at approximately $1,200,312.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Knowles Trading Down 0.9 %

NYSE KN opened at $19.17 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.23. Knowles Co. has a twelve month low of $14.97 and a twelve month high of $19.73. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -8.19 and a beta of 1.42. The business’s fifty day moving average is $17.58 and its 200 day moving average is $17.50.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on KN. StockNews.com lowered Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Craig Hallum upgraded Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Susquehanna decreased their price target on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th.

Institutional Investors Weigh In On Knowles

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Knowles by 569.5% during the 2nd 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 period. Dimensional Fund Advisors LP lifted its holdings in Knowles by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,678,995 shares of the communications equipment provider’s stock worth $115,277,000 after buying an additional 375,822 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Knowles during the 2nd quarter worth about $3,468,000. Ariel Investments LLC lifted 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. acquired a new position in Knowles during the 2nd quarter worth about $2,777,000. Institutional investors and hedge funds 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).