Knowles Co. (NYSE:KN) Shares Sold by State Street Corp

State Street Corp lessened its stake in Knowles Co. (NYSE:KN) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,444,177 shares of the communications equipment provider’s stock after selling 11,563 shares during the period. State Street Corp’s holdings in Knowles were worth $62,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of Knowles by 20.0% in the 3rd quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 607 shares during the period. Hsbc Holdings PLC raised its position in shares of Knowles by 4.8% in the second quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock worth $248,000 after acquiring an additional 661 shares during the period. GAMMA Investing LLC boosted its stake in shares of Knowles by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 668 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Knowles by 4.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider’s stock valued at $324,000 after acquiring an additional 748 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Knowles by 10.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider’s stock valued at $167,000 after acquiring an additional 845 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Transactions at Knowles

In other Knowles news, Director Keith Barnes sold 6,725 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total value of $120,243.00. Following the completion of the sale, the director now directly owns 86,192 shares in the company, valued at $1,541,112.96. This represents a 7.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Air A. Jr. Bastarrica sold 3,762 shares of Knowles stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $19.46, for a total value of $73,208.52. Following the transaction, the vice president now owns 61,681 shares in the company, valued at approximately $1,200,312.26. This represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,845 shares of company stock valued at $3,774,234. Corporate insiders own 2.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KN. StockNews.com downgraded Knowles from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Susquehanna dropped their price target on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th.

Knowles Price Performance

Shares of Knowles stock opened at $19.23 on Thursday. The stock has a market capitalization of $1.69 billion, a P/E ratio of -8.22 and a beta of 1.44. The business has a 50 day simple moving average of $18.60 and a two-hundred day simple moving average of $17.97. Knowles Co. has a 12 month low of $14.97 and a 12 month high of $20.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67.

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

Knowles Company 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).