National Bank of Canada FI Has $1.10 Million Stock Position in Knowles Co. (NYSE:KN)

National Bank of Canada FI cut its position in shares of Knowles Co. (NYSE:KN) by 7.1% during the second quarter, Holdings Channel reports. The institutional investor owned 64,749 shares of the communications equipment provider’s stock after selling 4,921 shares during the quarter. National Bank of Canada FI’s holdings in Knowles were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of Knowles by 10.9% during the 4th quarter. Franklin Resources Inc. now owns 9,181,260 shares of the communications equipment provider’s stock valued at $164,436,000 after acquiring an additional 904,446 shares in the last quarter. Norges Bank bought a new stake in shares of Knowles in the 4th quarter worth about $10,562,000. Eagle Asset Management Inc. acquired a new stake in shares of Knowles during the 4th quarter worth about $3,832,000. Ariel Investments LLC raised 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 valued at $83,513,000 after acquiring an additional 183,991 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Knowles in the second quarter valued at $2,777,000. 96.35% of the stock is currently owned by institutional investors.

Insider Activity at Knowles

In related news, CFO John S. Anderson sold 10,444 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the sale, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.65% of the stock is currently owned by corporate insiders.

Knowles Trading Up 0.3 %

KN stock opened at $16.86 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. Knowles Co. has a twelve month low of $12.78 and a twelve month high of $19.73. The company has a market cap of $1.51 billion, a P/E ratio of 19.16 and a beta of 1.42. The business has a fifty day moving average of $17.81 and a 200-day moving average of $17.01.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing the consensus estimate 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 business had revenue of $204.70 million for the quarter.

Analysts Set New Price Targets

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 research note on Wednesday, July 17th.

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).