Knowles Co. (NYSE:KN) VP Sells $73,208.52 in Stock

Knowles Co. (NYSE:KN) VP Air A. Jr. Bastarrica sold 3,762 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $19.46, for a total transaction of $73,208.52. Following the sale, the vice president now owns 61,681 shares in the company, valued at approximately $1,200,312.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Knowles Price Performance

Shares of NYSE:KN opened at $19.13 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.68 billion, a PE ratio of -8.18 and a beta of 1.42. The company’s fifty day moving average is $17.59 and its 200 day moving average is $17.53. Knowles Co. has a 52 week low of $14.97 and a 52 week high of $19.73.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, October 24th. The communications equipment provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $142.50 million for the quarter, compared to the consensus estimate of $140.97 million. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%. The company’s quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share.

Analyst Ratings Changes

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

Institutional Trading of Knowles

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC purchased a new position in shares of Knowles in the first quarter worth $1,228,000. Sei Investments Co. grew its holdings in Knowles by 9.2% in the 1st quarter. Sei Investments Co. now owns 529,859 shares of the communications equipment provider’s stock worth $8,531,000 after acquiring an additional 44,566 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Knowles in the second quarter valued at about $46,000. State Board of Administration of Florida Retirement System raised its stake in shares of Knowles by 13.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 35,216 shares of the communications equipment provider’s stock valued at $599,000 after acquiring an additional 4,242 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Knowles by 1.0% during the first quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock worth $193,102,000 after purchasing an additional 114,934 shares during the period. Institutional investors own 96.35% of the company’s stock.

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).