115,157 Shares in Knowles Co. (NYSE:KN) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of Knowles Co. (NYSE:KN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 115,157 shares of the communications equipment provider’s stock, valued at approximately $1,988,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KN. Norges Bank bought a new stake in Knowles during the fourth quarter worth approximately $10,562,000. Commerce Bank acquired a new position in Knowles in the fourth quarter worth approximately $181,000. Parallel Advisors LLC grew its position in Knowles by 217.0% in the fourth quarter. Parallel Advisors LLC now owns 2,311 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 1,582 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in Knowles in the fourth quarter worth approximately $3,832,000. Finally, Allspring Global Investments Holdings LLC grew its position in Knowles by 9.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock worth $12,017,000 after buying an additional 62,332 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Knowles Trading Down 0.1 %

Knowles stock opened at $18.03 on Tuesday. 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 cap of $1.62 billion, a price-to-earnings ratio of 20.49 and a beta of 1.42. Knowles Co. has a 1 year low of $12.78 and a 1 year high of $19.73. The firm’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $17.11.

Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.16). Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The firm had revenue of $204.70 million for the quarter.

Insiders Place Their Bets

In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the transaction, the director now directly owns 48,933 shares in the company, valued at approximately $846,051.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The transaction was disclosed in a filing 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 on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the transaction, the director now owns 48,933 shares in the company, valued at $846,051.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,748 shares of company stock worth $530,948. Corporate insiders own 2.65% of the company’s stock.

Analyst Ratings Changes

Separately, Susquehanna lifted their price target on shares of Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th.

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).