Knowles Co. (NYSE:KN) CEO Jeffrey Niew Sells 157,699 Shares of Stock

Knowles Co. (NYSE:KN) CEO Jeffrey Niew sold 157,699 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.98, for a total value of $2,993,127.02. Following the completion of the sale, the chief executive officer now directly owns 820,698 shares in the company, valued at approximately $15,576,848.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Knowles Stock Performance

Knowles stock opened at $19.17 on Friday. Knowles Co. has a 12-month low of $14.97 and a 12-month high of $19.73. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -8.19 and a beta of 1.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67. The firm’s fifty day moving average price is $17.58 and its 200 day moving average price is $17.50.

Knowles (NYSE:KN) last posted its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $142.50 million during the quarter, compared to analyst estimates of $140.97 million. During the same period in the previous year, the business posted $0.25 EPS. Knowles’s revenue was up 31.8% on a year-over-year basis.

Institutional Investors Weigh In On Knowles

A number of large investors have recently made changes to their positions in KN. Meeder Asset Management Inc. acquired a new stake in shares of Knowles in the third quarter worth $52,000. Natixis Advisors LLC raised its stake in shares of Knowles by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 33,707 shares of the communications equipment provider’s stock valued at $608,000 after buying an additional 2,400 shares in the last quarter. Royce & Associates LP raised its stake in shares of Knowles by 4.4% in the 3rd quarter. Royce & Associates LP now owns 870,123 shares of the communications equipment provider’s stock valued at $15,688,000 after buying an additional 36,700 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Knowles by 64.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,092,161 shares of the communications equipment provider’s stock worth $19,692,000 after purchasing an additional 426,214 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Knowles in the 3rd quarter worth about $582,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KN shares. Susquehanna decreased 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. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th.

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).