Knowles Co. (NYSE:KN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Knowles Co. (NYSE:KN) by 30.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,267 shares of the communications equipment provider’s stock after selling 5,454 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Knowles were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Knowles by 1.0% during the first quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock worth $193,102,000 after purchasing an additional 114,934 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Knowles by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,678,995 shares of the communications equipment provider’s stock valued at $115,277,000 after buying an additional 375,822 shares during the period. Ariel Investments LLC lifted its stake in Knowles by 3.7% during the 1st quarter. Ariel Investments LLC now owns 5,187,144 shares of the communications equipment provider’s stock worth $83,513,000 after acquiring an additional 183,991 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Knowles by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 829,281 shares of the communications equipment provider’s stock valued at $14,952,000 after acquiring an additional 37,244 shares during the period. Finally, Victory Capital Management Inc. grew its position in Knowles by 569.5% in the 2nd quarter. Victory Capital Management Inc. now owns 665,947 shares of the communications equipment provider’s stock valued at $11,494,000 after acquiring an additional 566,476 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KN has been the subject of several recent research reports. Susquehanna lowered their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Craig Hallum raised Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th.

Insider Activity at Knowles

In other Knowles news, CFO John S. Anderson sold 10,444 shares of Knowles stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the completion of the sale, the chief financial officer now directly owns 211,200 shares of the company’s stock, valued at $3,907,200. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Knowles news, CFO John S. Anderson sold 10,444 shares of the 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 transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at $3,907,200. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cheryl L. Shavers sold 12,579 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the sale, the director now owns 48,933 shares of the company’s stock, valued at $846,051.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,828 shares of company stock valued at $901,113 over the last quarter. 2.57% of the stock is owned by insiders.

Knowles Stock Performance

Shares of Knowles stock opened at $19.35 on Thursday. The business has a 50-day simple moving average of $17.56 and a 200-day simple moving average of $17.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 2.35. Knowles Co. has a one year low of $14.97 and a one year high of $19.73. The company has a market cap of $1.70 billion, a PE ratio of -8.27 and a beta of 1.42.

Knowles (NYSE:KN) last posted its quarterly earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%. The company had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was up 31.8% on a year-over-year basis.

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).