Cwm LLC Purchases 607 Shares of Knowles Co. (NYSE:KN)

Cwm LLC grew its position in shares of Knowles Co. (NYSE:KN) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,643 shares of the communications equipment provider’s stock after purchasing an additional 607 shares during the period. Cwm LLC’s holdings in Knowles were worth $66,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC raised its holdings in shares of Knowles by 4.8% in the 2nd quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock valued at $248,000 after acquiring an additional 661 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Knowles by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 668 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Knowles by 4.5% in the 1st quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock valued at $360,000 after acquiring an additional 973 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Knowles by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock valued at $288,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Knowles by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock valued at $780,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Knowles Price Performance

Shares of KN stock opened at $17.66 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36. Knowles Co. has a fifty-two week low of $12.78 and a fifty-two week high of $19.73. The firm has a market cap of $1.56 billion, a P/E ratio of -8.14 and a beta of 1.42. The business’s 50 day moving average price is $17.59 and its 200-day moving average price is $17.36.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The company had revenue of $142.50 million for the quarter, compared to analyst estimates of $140.97 million. During the same period in the previous year, the company posted $0.25 earnings per share. The firm’s revenue was up 31.8% on a year-over-year basis.

Insider Buying and Selling at Knowles

In other news, CFO John S. Anderson sold 10,444 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Knowles news, CFO John S. Anderson sold 10,444 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $193,214.00. Following the transaction, the chief financial officer now owns 211,200 shares of the company’s stock, valued at approximately $3,907,200. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Barnes sold 6,725 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $17.88, for a total value of $120,243.00. Following the completion of the transaction, the director now directly owns 86,192 shares in the company, 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 90 days, insiders sold 29,748 shares of company stock worth $530,948. 2.65% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KN shares. Craig Hallum raised Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. Susquehanna decreased their price objective on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday. Finally, StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a report on Saturday.

About Knowles

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).