Air A. Jr. Bastarrica Sells 3,762 Shares of Knowles Co. (NYSE:KN) Stock

Knowles Co. (NYSE:KN) VP Air A. Jr. Bastarrica sold 3,762 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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 $1,200,312.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Knowles Stock Performance

Knowles stock traded down $0.18 during mid-day trading on Thursday, hitting $19.17. 565,440 shares of the company’s stock traded hands, compared to its average volume of 576,257. 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 has a 50 day simple moving average of $17.56 and a two-hundred day simple moving average of $17.49. Knowles Co. has a fifty-two week low of $14.97 and a fifty-two week high of $19.73. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -8.27 and a beta of 1.42.

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, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%. Knowles’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Knowles

A number of large investors have recently made changes to their positions in KN. CWM LLC raised its stake in Knowles by 20.0% in the 3rd quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 607 shares in the last quarter. 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 valued at $248,000 after buying an additional 661 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Knowles by 37.6% in the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 668 shares during the period. Asset Management One Co. Ltd. grew its position in Knowles by 10.0% during the third quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider’s stock worth $167,000 after buying an additional 845 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Knowles by 4.5% during the 1st quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock worth $360,000 after acquiring an additional 973 shares during the period. Institutional investors own 96.35% of the company’s stock.

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).