Creative Planning Increases Position in Knowles Co. (NYSE:KN)

Creative Planning increased its stake in Knowles Co. (NYSE:KN) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,625 shares of the communications equipment provider’s stock after purchasing an additional 14,045 shares during the quarter. Creative Planning’s holdings in Knowles were worth $2,932,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in Knowles by 43.5% in the 1st quarter. Nordea Investment Management AB now owns 486,393 shares of the communications equipment provider’s stock valued at $7,773,000 after acquiring an additional 147,372 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Knowles in the 1st quarter valued at about $1,435,000. Allspring Global Investments Holdings LLC grew its stake in Knowles by 9.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock valued at $12,017,000 after acquiring an additional 62,332 shares during the last quarter. Jennison Associates LLC acquired a new stake in Knowles in the 1st quarter valued at about $1,228,000. Finally, Sei Investments Co. grew its stake in Knowles by 9.2% in the 1st quarter. Sei Investments Co. now owns 529,859 shares of the communications equipment provider’s stock valued at $8,531,000 after acquiring an additional 44,566 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Knowles

In other news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the sale, the director now owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of Knowles 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 completion of the transaction, the director now owns 48,933 shares of the company’s stock, valued at $846,051.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Keith Barnes sold 6,725 shares of Knowles stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the transaction, the director now directly owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,748 shares of company stock valued at $530,948. 2.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KN has been the topic of a number of research reports. Susquehanna lowered their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Craig Hallum raised shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th.

Knowles Trading Up 2.6 %

NYSE KN opened at $17.66 on Friday. Knowles Co. has a one year low of $12.78 and a one year high of $19.73. The company’s 50 day moving average price is $17.59 and its 200 day moving average price is $17.36. 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 firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -8.14 and a beta of 1.42.

Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (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 firm had revenue of $204.70 million for the quarter.

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).