Knowles Co. (NYSE:KN) CEO Jeffrey Niew Sells 157,699 Shares

Knowles Co. (NYSE:KN) CEO Jeffrey Niew sold 157,699 shares of Knowles 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 transaction, the chief executive officer now directly owns 820,698 shares in the company, valued at $15,576,848.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Knowles Price Performance

Shares of NYSE:KN opened at $19.17 on Friday. The stock has a market cap of $1.69 billion, a PE ratio of -8.19 and a beta of 1.42. 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’s fifty day simple moving average is $17.58 and its two-hundred day simple moving average is $17.50.

Knowles (NYSE:KN) last posted its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $142.50 million during the quarter, compared to analyst estimates of $140.97 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 31.8% compared to the same quarter last year.

Analyst Ratings Changes

A number of brokerages have recently commented on KN. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Susquehanna cut 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.

Hedge Funds Weigh In On Knowles

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Knowles by 1.0% in the first quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock worth $193,102,000 after buying an additional 114,934 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Knowles by 6.0% in the second 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 in the last quarter. Ariel Investments LLC raised its stake in Knowles by 3.7% in the first 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 in the last quarter. Victory Capital Management Inc. grew its holdings in Knowles by 64.0% in the third quarter. Victory Capital Management Inc. now owns 1,092,161 shares of the communications equipment provider’s stock worth $19,692,000 after purchasing an additional 426,214 shares during the period. Finally, Royce & Associates LP grew its holdings in Knowles by 4.4% in the third quarter. Royce & Associates LP now owns 870,123 shares of the communications equipment provider’s stock worth $15,688,000 after purchasing an additional 36,700 shares during the period. 96.35% of the stock is owned by institutional investors.

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).