Vanguard Group Inc. Sells 112,974 Shares of Knowles Co. (NYSE:KN)

Vanguard Group Inc. cut its holdings in Knowles Co. (NYSE:KN) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,879,008 shares of the communications equipment provider’s stock after selling 112,974 shares during the period. Vanguard Group Inc. owned about 13.25% of Knowles worth $212,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KN. Eagle Asset Management Inc. bought a new stake in Knowles in the fourth quarter worth about $3,832,000. TFO Wealth Partners LLC lifted its stake in Knowles by 1,551,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 15,512 shares of the communications equipment provider’s stock valued at $278,000 after purchasing an additional 15,511 shares during the last quarter. Olympiad Research LP bought a new position in Knowles during the fourth quarter valued at $299,000. Parallel Advisors LLC increased its position in Knowles by 217.0% in the fourth quarter. Parallel Advisors LLC now owns 2,311 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 1,582 shares during the last quarter. Finally, Commerce Bank bought a new stake in shares of Knowles in the fourth quarter valued at $181,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Keith Barnes sold 5,186 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $17.45, for a total transaction of $90,495.70. Following the completion of the transaction, the director now owns 92,917 shares of the company’s stock, valued at $1,621,401.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.57% of the stock is currently owned by insiders.

Knowles Stock Up 0.1 %

KN stock opened at $17.09 on Wednesday. The stock has a fifty day moving average of $17.16 and a 200-day moving average of $16.72. Knowles Co. has a fifty-two week low of $12.78 and a fifty-two week high of $18.48. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.55 and a current ratio of 2.75.

Knowles (NYSE:KN) last issued its earnings results on Wednesday, May 1st. The communications equipment provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Knowles had a return on equity of 5.98% and a net margin of 10.54%. The business had revenue of $196.40 million for the quarter.

Knowles 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).