Intech Investment Management LLC Invests $339,000 in Knowles Co. (NYSE:KN)

Intech Investment Management LLC acquired a new position in shares of Knowles Co. (NYSE:KN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,633 shares of the communications equipment provider’s stock, valued at approximately $339,000.

Several other large investors have also recently made changes to their positions in KN. Quest Partners LLC acquired a new stake in Knowles in the second quarter valued at approximately $30,000. Parallel Advisors LLC raised its position in Knowles by 217.0% during the fourth quarter. Parallel Advisors LLC now owns 2,311 shares of the communications equipment provider’s stock worth $41,000 after acquiring an additional 1,582 shares during the period. Innealta Capital LLC purchased a new position in Knowles during the second quarter valued at $46,000. CWM LLC increased its stake in shares of Knowles by 38.0% during the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 836 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Knowles during the 1st quarter worth about $135,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Price Performance

Knowles stock opened at $18.04 on Friday. The company has a fifty day simple moving average of $17.65 and a 200-day simple moving average of $17.08. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.50 and a beta of 1.42. 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 52-week low of $12.78 and a 52-week high of $19.73.

Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The business had revenue of $204.70 million during the quarter.

Insiders Place Their Bets

In other Knowles news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Knowles news, CFO John S. Anderson sold 10,444 shares of Knowles stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $193,214.00. Following the sale, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total value of $217,490.91. Following the transaction, the director now owns 48,933 shares of the company’s stock, valued at $846,051.57. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.

Analysts Set New Price Targets

Separately, Susquehanna boosted their price objective on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th.

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).