Knowles Co. (NYSE:KN) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Knowles Co. (NYSE:KN) by 21.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,049 shares of the communications equipment provider’s stock after selling 20,463 shares during the quarter. American Century Companies Inc. owned 0.08% of Knowles worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of Knowles in the 2nd quarter worth $30,000. Parallel Advisors LLC raised its holdings in Knowles by 217.0% during the 4th 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 period. Innealta Capital LLC acquired a new stake in Knowles during the 2nd quarter worth about $46,000. CWM LLC lifted its stake in Knowles by 38.0% during the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 836 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Knowles in the first quarter worth about $135,000. Institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling at Knowles

In related news, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the completion of the sale, the director now directly owns 48,933 shares in the company, valued at $846,051.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Knowles news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the completion of the sale, the chief financial officer now directly owns 211,200 shares of the company’s stock, valued at $3,907,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cheryl L. Shavers sold 12,579 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the transaction, the director now owns 48,933 shares in the company, valued at approximately $846,051.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,748 shares of company stock worth $530,948. 2.65% of the stock is currently owned by company insiders.

Knowles Stock Performance

Shares of Knowles stock opened at $18.03 on Tuesday. Knowles Co. has a 12 month low of $12.78 and a 12 month high of $19.73. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.62 billion, a PE ratio of 20.49 and a beta of 1.42. The business has a fifty day simple moving average of $17.64 and a 200-day simple moving average of $17.11.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $204.70 million for the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna boosted their price target on shares of Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th.

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).