Quantamental Technologies LLC Makes New Investment in Knowles Corp (NYSE:KN)

Quantamental Technologies LLC purchased a new position in Knowles Corp (NYSE:KN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,392 shares of the communications equipment provider’s stock, valued at approximately $99,000.

Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Knowles by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 35,536 shares of the communications equipment provider’s stock worth $651,000 after purchasing an additional 600 shares during the last quarter. Mason Street Advisors LLC grew its holdings in Knowles by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 28,974 shares of the communications equipment provider’s stock valued at $511,000 after buying an additional 961 shares during the last quarter. Rothschild & Co. Asset Management US Inc. increased its position in Knowles by 0.6% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 149,806 shares of the communications equipment provider’s stock worth $2,641,000 after buying an additional 966 shares during the period. Piedmont Investment Advisors Inc. increased its position in Knowles by 5.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 22,567 shares of the communications equipment provider’s stock worth $398,000 after buying an additional 1,151 shares during the period. Finally, We Are One Seven LLC lifted its holdings in shares of Knowles by 5.0% during the second quarter. We Are One Seven LLC now owns 28,611 shares of the communications equipment provider’s stock worth $523,000 after buying an additional 1,350 shares during the last quarter.

In other Knowles news, VP Raymond D. Cabrera sold 4,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $20.64, for a total transaction of $82,560.00. Following the completion of the transaction, the vice president now directly owns 51,348 shares in the company, valued at $1,059,822.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Niew sold 4,866 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $20.75, for a total transaction of $100,969.50. Following the completion of the sale, the chief executive officer now owns 336,864 shares in the company, valued at approximately $6,989,928. The disclosure for this sale can be found here. Insiders have sold a total of 72,086 shares of company stock valued at $1,440,538 over the last ninety days. 3.70% of the stock is owned by insiders.



Shares of NYSE KN traded up $0.19 during trading hours on Wednesday, reaching $21.19. The stock had a trading volume of 16,417 shares, compared to its average volume of 809,122. The business’s fifty day moving average is $20.06 and its two-hundred day moving average is $18.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.85 and a quick ratio of 1.59. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.56 and a beta of 1.23. Knowles Corp has a twelve month low of $12.20 and a twelve month high of $21.42.

Knowles (NYSE:KN) last posted its quarterly earnings results on Wednesday, July 24th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $205.20 million for the quarter, compared to the consensus estimate of $195.06 million. Knowles had a net margin of 7.88% and a return on equity of 6.27%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. Sell-side analysts forecast that Knowles Corp will post 0.83 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on KN shares. Susquehanna Bancshares upgraded shares of Knowles from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $20.00 to $22.00 in a research note on Thursday, July 25th. Robert W. Baird set a $22.00 target price on shares of Knowles and gave the company a “buy” rating in a research note on Friday, July 26th. Craig Hallum reissued a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Knowles in a report on Thursday, July 25th. ValuEngine upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. Finally, Zacks Investment Research downgraded shares of Knowles from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.71.

Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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