Cubist Systematic Strategies LLC Purchases Shares of 200,902 Knowles Co. (NYSE:KN)

Cubist Systematic Strategies LLC acquired a new stake in Knowles Co. (NYSE:KN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 200,902 shares of the communications equipment provider’s stock, valued at approximately $3,468,000.

A number of other large investors have also recently made changes to their positions in KN. Point72 DIFC Ltd acquired a new stake in shares of Knowles in the 2nd quarter worth about $205,000. Bank of Montreal Can purchased a new stake in shares of Knowles in the second quarter worth approximately $381,000. Public Sector Pension Investment Board lifted its holdings in shares of Knowles by 8.1% in the second quarter. Public Sector Pension Investment Board now owns 197,448 shares of the communications equipment provider’s stock valued at $3,408,000 after purchasing an additional 14,832 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Knowles during the second quarter valued at approximately $339,000. Finally, XTX Topco Ltd bought a new stake in Knowles during the second quarter worth $300,000. 96.35% of the stock is owned by institutional investors.

Insider Activity

In related 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 of the company’s stock, valued at approximately $3,907,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO John S. Anderson sold 10,444 shares of Knowles 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 owns 211,200 shares of the company’s stock, valued at approximately $3,907,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction 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 transaction, the director now directly owns 48,933 shares of the company’s stock, valued at $846,051.57. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.

Knowles Trading Up 1.1 %

Shares of KN stock opened at $18.04 on Friday. Knowles Co. has a 52-week low of $12.78 and a 52-week high of $19.73. The company has a 50-day simple moving average of $17.64 and a two-hundred day simple moving average of $17.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.50 and a beta of 1.42.

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 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 for the quarter.

Analyst Upgrades and Downgrades

Separately, Susquehanna raised their price objective on Knowles from $15.00 to $20.00 and gave the company 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).