Knowles Co. (NYSE:KN) CEO Sells $2,993,127.02 in Stock

Knowles Co. (NYSE:KN) CEO Jeffrey Niew sold 157,699 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $18.98, for a total transaction of $2,993,127.02. Following the completion of the transaction, the chief executive officer now owns 820,698 shares in the company, valued at approximately $15,576,848.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Knowles Trading Down 0.2 %

Shares of KN stock opened at $19.13 on Friday. The stock has a 50 day simple moving average of $17.59 and a 200 day simple moving average of $17.53. Knowles Co. has a 1 year low of $14.97 and a 1 year high of $19.73. 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 cap of $1.68 billion, a P/E ratio of -8.18 and a beta of 1.42.

Knowles (NYSE:KN) last released its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 5.16% and a negative net margin of 27.53%. Knowles’s quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KN. StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Craig Hallum raised Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Susquehanna dropped their target price on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

Hedge Funds Weigh In On Knowles

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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. Asset Management One Co. Ltd. raised its holdings in shares of Knowles by 10.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider’s stock worth $167,000 after buying an additional 845 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Knowles by 4.5% during the 1st quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock worth $360,000 after buying an additional 973 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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).