UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Knowles Co. (NYSE:KN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Knowles Co. (NYSE:KN) by 11.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,415 shares of the communications equipment provider’s stock after acquiring an additional 20,663 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Knowles worth $3,613,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KN. Quest Partners LLC purchased a new position in Knowles in the second quarter valued at $30,000. Blue Trust Inc. raised its position in Knowles by 114.6% in the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after purchasing an additional 1,069 shares in the last quarter. Quarry LP purchased a new position in shares of Knowles in the 2nd quarter valued at about $39,000. GAMMA Investing LLC grew its position in shares of Knowles by 37.6% during the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 668 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Knowles during the second quarter worth approximately $46,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. Susquehanna decreased their price objective 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 Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th.

Insider Activity

In other news, CEO Jeffrey Niew sold 157,699 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 directly owns 820,698 shares of the company’s stock, valued at approximately $15,576,848.04. This represents a 16.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total value of $217,490.91. Following the completion of the sale, the director now owns 48,933 shares in the company, valued at approximately $846,051.57. This trade represents a 20.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,845 shares of company stock valued at $3,774,234 in the last ninety days. 2.65% of the stock is currently owned by company insiders.

Knowles Price Performance

Shares of NYSE:KN opened at $19.86 on Friday. Knowles Co. has a 12 month low of $14.97 and a 12 month high of $20.26. The firm has a market capitalization of $1.75 billion, a P/E ratio of -8.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67. The company’s fifty day moving average price is $18.42 and its 200 day moving average price is $17.90.

Knowles (NYSE:KN) last announced its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%. The business’s revenue was up 31.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS.

Knowles 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).