National Bank of Canada FI Raises Holdings in Knowles Co. (NYSE:KN)

National Bank of Canada FI increased its position in Knowles Co. (NYSE:KN) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,201 shares of the communications equipment provider’s stock after buying an additional 1,452 shares during the period. National Bank of Canada FI owned 0.08% of Knowles worth $1,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Knowles by 54,279.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider’s stock worth $47,268,000 after acquiring an additional 2,616,805 shares in the last quarter. Innealta Capital LLC purchased a new stake in Knowles during the second quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Knowles during the second quarter valued at $78,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Knowles by 33.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,411 shares of the communications equipment provider’s stock worth $249,000 after buying an additional 3,600 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Knowles by 222.3% in the 2nd quarter. AQR Capital Management LLC now owns 82,387 shares of the communications equipment provider’s stock worth $1,422,000 after buying an additional 56,825 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Air A. Jr. Bastarrica sold 3,762 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 61,681 shares in the company, valued at approximately $1,200,312.26. The trade was a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Niew sold 157,699 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.98, for a total value of $2,993,127.02. Following the transaction, the chief executive officer now owns 820,698 shares in the company, valued at $15,576,848.04. The trade was a 16.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,845 shares of company stock worth $3,774,234 over the last quarter. Company insiders own 2.65% of the company’s stock.

Knowles Stock Performance

Shares of NYSE:KN opened at $19.82 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23. Knowles Co. has a 12 month low of $14.97 and a 12 month high of $20.26. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -8.47 and a beta of 1.44. The firm’s 50-day moving average is $18.46 and its 200 day moving average is $17.91.

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

Analyst Upgrades and Downgrades

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

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).